The Federal Government has announced that all its revenue collections will become fully cashless from January 1, 2026, marking a major shift in how Nigerians pay for government services.
According to a document released by the Federal Ministry of Finance in Abuja, the new policy introduces a mandatory Federal Treasury e-Receipt (FTeR) system and a nationwide rollout of the Revenue Optimisation (RevOp) platform—an integrated digital ecosystem designed to monitor, reconcile, and maximise government revenue.
From the implementation date, the FTeR will become the only valid and legally recognised receipt for all federal transactions. The Finance Ministry described the move as a transformative step that will affect citizens, businesses, financial institutions, MDAs, and digital service providers.
The government expects the system to significantly boost revenue efficiency, block leakages, and recover funds previously considered lost. Part of the policy outlaws unauthorised deductions, commissions, and charges taken before remittances are made into the Treasury Single Account (TSA), a loophole that has long enabled financial leakages within MDAs using unapproved payment platforms.
The ministry noted that the new framework is a key component of Nigeria’s anti-corruption and fiscal transparency drive. RevOp will reduce human discretion, eliminate cash handling, enforce full audit trails, and provide real-time digital insights to strengthen accountability.
It also represents the largest consolidation of Nigeria’s digital public finance infrastructure in a decade. Through RevOp, systems such as the TSA, GIFMIS, CBN, NIBSS, FIRS, and all MDAs will operate within a unified digital environment.
The government believes the move will not only modernise public finance management but also close long-standing revenue gaps across federal agencies.
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