FG Dumps Remita, Unveils New Revenue Collection Platform

The Federal Government has launched a new revenue collection platform, the Treasury Management and Revenue Assurance System (TMRAS), to replace the Remita platform.

This was disclosed in a statement by Dr. Mrs. Oluwa Oyin Madein, FCCA, FCA, FCNA, Accountant-General of the Federation.

The move, spearheaded by the Office of the Accountant-General of the Federation (OAGF), aligns with directives from President Bola Tinubu and the Minister of Finance to enhance Treasury Management, Revenue Assurance, and Budget Performance for Ministries, Departments, and Agencies (MDAs), as well as Federal Government-Owned Enterprises (FGOEs).

According to the directive, MDAs currently accessing funds via the Remita platform will now transition to TMRAS using the OAGF website, www.fgntreasury.gov.ng.

“All MDAs, including those that currently access funds at the CBN through the Remita platform, shall now access their funds via the Treasury Management and Revenue Assurance System using the OAGF website (www.fgntreasury.gov.ng),” the circular stated.

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The OAGF announced that the TMRAS would officially go live today, March 4, 2025, in a phased rollout

Phased implementation

The transition to TMRAS will occur in two phases:

Phase One (March 4, 2025): This phase will cover payments and collections in Naira, enabling automatic tax deductions on vendor payments and allowing OAGF and MDAs to generate bank statements and balances.

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Phase Two (June 1, 2025): This phase will introduce foreign exchange (FX) transactions, integration with MDA ERP systems, and activation of the budget module for non-budgetary MDAs.

User access and integration

The OAGF assured that all existing users on Remita would be migrated automatically and retain their login credentials. New users will receive an email notification with a one-time password, which must be changed upon first login.