9th December, 2025.
The Federal Government has officially prohibited cash transactions for all revenue payments across Ministries, Departments, and Agencies (MDAs), ordering the immediate deployment of electronic payment systems nationwide.
The Accountant-General of the Federation, Dr. Shamseldeen Ogunjimi, issued four treasury circulars between November 24 and 27, 2025, directing that henceforth, all government payments must be processed electronically through approved channels integrated with the Treasury Single Account (TSA).
According to the first circular dated November 24, 2025, titled “Enforcement of No Physical Cash Receipt Policy for All Federal Government Revenue Transactions,” the government expressed alarm over persistent cash collections at MDA transaction centers despite existing e-payment regulations.
“Collection and acceptance of physical cash (in naira or other currencies) for all revenues due to the Federal Government is strictly prohibited. All revenue collections must be made via electronic processing,” the circular stated.
The directive requires all MDAs and Federal Government-Owned Enterprises currently accepting cash to install functional Point of Sale (POS) terminals or other approved electronic devices within 45 days. Agencies must also display prominent notices reading “NO PHYSICAL CASH RECEIPT” and “NO CASH PAYMENT” at all revenue collection points.
The circular warned that accounting officers will be held personally responsible for any violations of the new policy.
A second circular dated November 25, 2025, titled “Immediate Cessation of Direct Deductions on MDAs’ Dedicated Collection Systems,” addressed unauthorized revenue deductions by MDAs using customized payment platforms.
According to the document, several agencies were using front-end applications connected to Payment Solution Service Providers (PSSPs) to deduct fees, charges, and commissions before remitting funds to the TSA. The practice, described as causing “significant revenue leakages,” has been immediately stopped.
The circular mandates that all revenues must now be remitted to TSA or Sub-TSA accounts without any deductions. Service fees must be paid directly from Treasury accounts rather than being deducted at source. All existing portals and PSSPs must be regularized with the Office of the Accountant-General of the Federation by December 31, 2025.
Non-compliant MDAs risk having their access to the Government Integrated Financial Management Information System (GIFMIS) and TSA accounts suspended.
In a third circular dated November 26, 2025, the government introduced the Federal Treasury e-Receipt (FTe-R), a unified national electronic receipt system that becomes effective January 1, 2026.
From the new year, only the centrally-issued FTe-R will be recognized as valid proof of federal transactions. The receipts will be generated through the Revenue Optimisation (RevOP) platform and delivered electronically via channels selected by each MDA.
The fourth circular dated November 27, 2025, detailed the rollout guidelines for the RevOP platform, which has been adopted as the approved service-wide system for end-to-end revenue optimization.
The RevOP platform will provide unified automation of billing, reconciliation, and treasury visibility while integrating with TSA, GIFMIS, Central Bank of Nigeria (CBN), Nigeria Inter-Bank Settlement System (NIBSS), Federal Inland Revenue Service (FIRS), and revenue-collecting banks.
Each MDA is required to nominate three officers as RevOP focal personnel within seven working days and ensure their existing financial systems integrate with the platform. Only PSSPs licensed by the CBN, recommended by the National Information Technology Development Agency (NITDA), and approved by the OAGF will be permitted to operate.
The measures represent the most comprehensive transformation of federal revenue administration since the introduction of the Treasury Single Account a decade ago. They build on the Treasury Management and Revenue Assurance System launched earlier in 2025.
The reforms aim to modernize public finance operations, eliminate revenue leakages, enhance fiscal transparency, and strengthen Nigeria’s financial integrity through technology-driven solutions.