The Federal Authorities has introduced a brand new digitisation programme that may remodel treasury operations, eradicate paper-based processes, and implement full transparency throughout Ministries, Departments and Companies (MDAs) starting January 2026.
That is in keeping with an replace issued by the Workplace of the Accountant Common of the Federation (OAGF) and seen by Nairametrics on Monday.
In response to the OAGF, the reforms are anchored on 4 new circulars issued.
The OAGF stated the circulars type a part of a broader nationwide technique to modernise public finance, block leakages, deter corruption, and improve Nigeria’s fiscal resilience utilizing digital instruments.
“The reforms introduce strict cashless assortment, a brand new obligatory e-receipt system (FTeR) starting January 1, 2026, and full-scale rollout of the Income Optimisation (RevOp) Platform—a unified digital ecosystem for monitoring, reconciling, and optimising authorities revenues,” it acknowledged.
Nairametrics lately reported that the Minister of Finance Wale Edun revealed that billions of naira belonging to the Federal Authorities remained exterior the Treasury Single Account (TSA) till as lately as August 2025.
Money transactions banned throughout MDAs
In a round dated 24 November 2025 and signed by the Accountant-Common of the Federation, Dr. Shamseldeen B. Ogunjimi, the federal government expressed concern over the continued acceptance of bodily money at MDA transaction centres regardless of current Treasury Single Account (TSA) and e-payment insurance policies.
“The Federal Authorities has noticed with nice concern, the continued bodily money assortment of Authorities revenues at varied transaction centres of Ministries, Division, and Companies (MDAs). This motion contravenes the provisions of e-payment coverage, Treasury Single Account (TSA) coverage and its Implementation Pointers lined in extant circulars,” the round acknowledged.
He added that persistent violations of the principles had been recorded throughout companies and warned that the observe should cease instantly.
The round, subsequently, directed that: “assortment and/or acceptance of bodily money (in Naira or different currencies) for all revenues resulting from Federal Authorities is strictly prohibited,” he famous.
E-receipts turn into obligatory from January 1, 2026
In a separate round dated 26 November 2025, the Accountant-Common introduced the rollout of the Federal Treasury e-Receipt (FTeR) system, which can take impact on January 1, 2026.
In response to the OAGF, the FTeR will turn into the one legitimate and legally recognised receipt for all federal authorities transactions, changing all paper-based and manually issued receipts.
The company stated the obligatory e-receipt marks a significant shift in how residents and companies pay for presidency companies, how funds are verified, and the way MDAs account for inflows.
“It is a main shift in how Nigerians pay for presidency companies and the way such funds are verified. It instantly impacts residents, companies, MDAs, monetary establishments, and digital service suppliers,” the OAGF acknowledged.
The OAGF harassed that the circulars operationalise the Minister of Finance’s broader financial reform agenda—one targeted on decreasing human discretion, eliminating money dealing with, imposing full audit trails, and enabling real-time digital monitoring of presidency revenues.
The reforms are anticipated to spice up effectivity, enhance fiscal self-discipline, and assist income mobilisation efforts as Nigeria deepens its shift towards a totally digital public finance structure.
Why this issues
By eliminating bodily money assortment and imposing digital monitoring via the RevOp and FTeR techniques, the federal government reduces alternatives for diversion, under-reporting, and manipulation of receipts.
This implies extra of Nigeria’s precise income will probably be accounted for, serving to fund nationwide priorities.
Many international locations have moved to completely digital treasury techniques to scale back prices and enhance effectivity.
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