FG bans cash payments for its services
The Federal Government will ban cash payments for all its services starting January 1, 2026, as part of a move to make revenue collection fully digital.
The reform introduces the Federal Treasury eReceipt (FTeR) and expands the Revenue Optimisation (RevOp) Platform across all government agencies.
The RevOp system is designed to monitor, reconcile, and manage government revenues through a unified digital framework.
The Office of the Accountant General of the Federation (OAGF) has issued several circulars to guide the transition, requiring that all federal payments be processed electronically.
This step is part of a broader plan to modernise public finances, reduce revenue leakages, and limit corruption.
From next year, the FTeR will serve as the only legally recognised receipt for payments to federal government agencies.
The system will automatically issue digital receipts for every payment, replacing paper-based acknowledgments and preventing fake receipts.
The policy also prohibits unauthorised deductions, commissions, or charges before payments reach the Treasury Single Account (TSA), ensuring that the full amount paid is remitted directly to government coffers.
The move will affect citizens, businesses, financial institutions, and digital service providers, who will now operate within a fully integrated digital ecosystem.
Through RevOp, systems including the TSA, Central Bank of Nigeria, FIRS, and various agencies will interact seamlessly, enabling real-time tracking and accountability of government funds.
Officials say the policy will help save money previously lost to unapproved deductions and cash handling, while strengthening transparency and improving overall fiscal management.
