FG Bans Cash Payments Nationwide, Orders MDAs to Adopt Full Electronic Revenue Collection
The Nigerian government has announced an immediate ban on all physical cash payments for federal revenue collection, directing Ministries, Departments, and Agencies (MDAs) to switch entirely to electronic channels. The policy, issued through four Treasury circulars from the Office of the Accountant-General of the Federation, mandates MDAs to install POS terminals within 45 days and display “No Cash Payment” notices.
The circulars also prohibit MDAs from making unauthorised deductions on revenue, introduce a mandatory national e-receipt system effective January 1, 2026, and require full integration with the new Revenue Optimisation (RevOP) platform. The measures aim to eliminate leakages, strengthen TSA compliance, improve transparency, and modernise Nigeria’s revenue collection framework.
The Nigerian government has announced an immediate ban on all physical cash payments for federal revenue collection, directing Ministries, Departments, and Agencies (MDAs) to switch entirely to electronic channels. The policy, issued through four Treasury circulars from the Office of the Accountant-General of the Federation, mandates MDAs to install POS terminals within 45 days and display “No Cash Payment” notices.
The circulars also prohibit MDAs from making unauthorised deductions on revenue, introduce a mandatory national e-receipt system effective January 1, 2026, and require full integration with the new Revenue Optimisation (RevOP) platform. The measures aim to eliminate leakages, strengthen TSA compliance, improve transparency, and modernise Nigeria’s revenue collection framework.
FG Bans Cash Payments Nationwide, Orders MDAs to Adopt Full Electronic Revenue Collection
The Nigerian government has announced an immediate ban on all physical cash payments for federal revenue collection, directing Ministries, Departments, and Agencies (MDAs) to switch entirely to electronic channels. The policy, issued through four Treasury circulars from the Office of the Accountant-General of the Federation, mandates MDAs to install POS terminals within 45 days and display “No Cash Payment” notices.
The circulars also prohibit MDAs from making unauthorised deductions on revenue, introduce a mandatory national e-receipt system effective January 1, 2026, and require full integration with the new Revenue Optimisation (RevOP) platform. The measures aim to eliminate leakages, strengthen TSA compliance, improve transparency, and modernise Nigeria’s revenue collection framework.
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