FG Bans Cash Payments For Its Services.

The Federal Government, FG, is preparing to introduce a completely cashless system for collecting its revenues, prohibiting all cash payments from January 1, 2026.

Under this new arrangement, a mandatory electronic receipt system known as the Federal Treasury eReceipt (FTeR) and the full rollout of the Revenue Optimisation (RevOp) Platform will come into effect.

A document issued by the Federal Ministry of Finance in Abuja on Monday revealed that RevOp, which is a unified digital system designed to monitor, reconcile, and optimise federal revenue, will apply to every FG agency.

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.”

It added, “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.”

The ministry stated that it expects the updated policy to help the government save large sums and recover revenue previously believed to be lost.

It further explained, “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 also described the new system as “A critical milestone in Nigeria’s anti-corruption and fiscal transparency agenda.”

It added that RevOp will “operationalise the Minister’s broader economic strategy: reducing human discretion, eliminating cash handling, enforcing full audit trails, and using real-time digital insights to strengthen accountability.”

The document stated, “It marks the biggest consolidation of Nigeria’s digital public finance infrastructure in a decade. TSA, GIFMIS, CBN, NIBSS, FIRS, and MDAs will now speak to each other in a unified digital environment through RevOp.”