Following the news on March 4th, 2025 that the Federal Government has adopted the Treasury Management and Revenue Assurance System (TMRAS) as its official revenue collection system, the government has clarified that it is not abandoning Remita payment as one of its payment gateways.
According to the Office of the Accountant General of the Federation (OAGF), the Federal government has not abandoned Remita as its official payment gateway. Rather, it is working to integrate Remita and other eligible Payment Solution Service Providers (PSSPs) into TMRAS.
By this integration, both Remita and other PSSPs will be able to collect revenue for the federal government, thereby promoting liberalisation in the country’s revenue collection system.
In a statement signed by spokesperson for the OAGF, Bawa Mokwa, the office noted, “Remita is one of the secured channels of revenue payment, but there are many others. The Treasury Management and Revenue Assurance (TMRAS) will now allow these other secure payment platforms to connect.
“So, it will not be only Remita, but all the other payment service providers that are licensed by the CBN will be able to operate.”
Continuing with the clarifications the office explained, “The Treasury Management and Revenue Assurance (TMRAS) is designed to coordinate, streamline, and manage the Federal Government’s revenue collections and payments for all Ministries, Departments, and Agencies (MDAs).
“It will guarantee the liberalisation of government revenue payment processes, enhance revenue collections, and would aid efficient, timely analysis of the information regarding such transactions,” the office said.
By the memo, the deployment of TMRAS will be in two phases. The first phase, which commenced on March 4, 2025, is focused on Naira-denominated payments. It will automate revenue payments and collections, automatically deduct tax from source deductions, and improve financial oversight.
The second phase scheduled to begin on June 1, 2025, will be focused on foreign exchange transactions. It will see the integration of TMRAS with MDA Enterprise Resource Planning (ERP) systems, and the activation of a budget module for non-budgetary MDAs.
The memo also restated that the automatic deduction of 50% of Internally Generated Revenue from Federal Government agencies and parastatals is still in effect.
For now, Nigerians can still carry out their revenue payments and other forms of collections using the Remita system pending further clarifications from the government. This is as the government is working towards taking over the management of the front-end payment of the TMRAS infrastructure.
Adopted in 2012 as the official revenue payment gateway of the Central Bank of Nigeria (CBN), Remita has been the sole payment system for all government agencies and educational institutions. Its use revolutionized revenue collection to Nigeria’s Treasury Single Account (TSA), helping to automate collection of government revenues and block leakages, thereby improving Nigeria’s public financial management.
