The Federal Government has announced a decisive shift toward a fully cashless regime for all revenue collection, issuing a ban on cash payments for its services effective January 1, 2026.
This monumental change is part of sweeping fiscal reforms spearheaded by the Federal Ministry of Finance, which mandates a new, strictly cashless collection process, the introduction of a mandatory electronic receipt system (FTeR), and the full-scale rollout of the sophisticated Revenue Optimisation (RevOp) Platform.
A document released by the Ministry of Finance on Monday confirmed that RevOp, a unified digital ecosystem designed for monitoring, reconciling, and optimising all government revenues, will be applied universally across all federal government agencies.
The Office of the Accountant General of the Federation (OAGF) has already issued four circulars detailing these changes, which form a broader national strategy to modernize public finance, block revenue leakages, deter corruption, and strengthen Nigeria’s fiscal position through technology-driven reforms.
The new policy will fundamentally alter how transactions with the government are conducted. According to the document: “As from January 1, 2026, the Federal Treasury eReceipt (FTeR) will become the only valid and legally recognised receipt for all federal government transactions.”
The ministry emphasized the scale of this change: “This is a major shift in how Nigerians pay for government services and how such payments are verified.”
”It directly affects citizens, businesses, MDAs, financial institutions, and digital service providers.”
A key objective of the policy is to recover revenue previously lost to corrupt practices and unauthorized charges. The ministry expects the new policy to result in massive savings.
“By outlawing unauthorised deductions, commissions, or charges taken before remittance to the TSA, the government expects to eliminate substantial leakages that currently occur within MDAs using unapproved PSSP platforms,” the ministry stated.
Describing the development as, “A critical milestone in Nigeria’s anti-corruption and fiscal transparency agenda,” the ministry detailed how the new digital infrastructure will operate.
RevOp will “operationalise the ministry’s broader economic strategy: reducing human discretion, eliminating cash handling, enforcing full audit trails, and using real-time digital insights to strengthen accountability.” It added that the platform ”marks the biggest consolidation of Nigeria’s digital public finance infrastructure in a decade.”
The ministry highlighted the integration achieved by the new system: “TSA, GIFMIS, CBN, NIBSS, FIRS, and MDAs will now speak to each other in a unified digital environment through RevOp.”
One of the circulars, titled “Enforcement of ‘No Physical Cash Receipt Policy’ and End to Unauthorised Deductions,” explicitly states that all federal government revenue must now be collected without physical cash, completely eliminating cash-based fraud and manual leakages. It mandates that MDAs must therefore cease using customised front-end applications on unapproved Payment Solution Service Provider (PSSP) platforms.
Crucially, the circular directs that no deductions—whether fees, commissions, or charges—can be taken at the point of collection. The gross amount collected from any payer must be remitted directly into the TSA, without exception.
The second key circular, on the Adoption and Mandatory Use of the Federal Treasury eReceipt (FTeR), confirms that, as of January 1, 2026, “a centrally issued, fraud-proof digital receipt generated through the OAGF’s RevOp platform” will be the sole valid proof of payment for every transaction into government coffers. This FTeR will be automatically generated and sent to payers via channels selected by each MDA, eliminating fake receipts and unverifiable paper-based acknowledgments.
