The Federal Government of Nigeria has officially launched the Treasury Management & Revenue Assurance System (TMRAS), a new digital payment platform designed to replace REMITA for revenue collection across federal ministries, departments, and agencies (MDAs).
A memo from the Office of the Accountant General of the Federation (OAGF), dated February 28, 2025, confirmed this development. According to the memo, TMRAS will be implemented in two phases, with the first phase going live today, March 4, 2025.
Two-Phase Implementation of TMRAS
The initial phase of TMRAS will focus on payments and collections for the naira component only. The second phase, scheduled to commence on June 1, 2025, will expand to include:
- Collections and payments involving foreign exchange.
- Integration with MDA Enterprise Resource Planning (ERP) systems.
- Activation of the budget module for MDAs not included in the national budget.
- Enforcement of budget control for non-budgetary financial activities.
Automated Internally Generated Revenue (IGR) Deductions
The memo further stated that the automatic deduction of 50% of Internally Generated Revenue (IGR) from federal agencies and parastatals will remain in effect.
“The split will be managed through the front end of the TMRAS. The system is designed to automatically split IGR to ensure immediate remittance of the split to both the Federal Government’s account and the dedicated accounts of the respective MDAs. Additionally, the system generates and provides detailed reports to both the OAGF and the MDA for transparency and accountability,” the memo explained.
Mandatory Use of TMRAS for Government Transactions
All extra-budgetary payments, including transactions from Special Accounts, will now be processed exclusively through TMRAS. MDAs have been directed to ensure that all Payment Solution Service Providers (PSSPs) currently collecting revenue on their behalf connect to the official Central Bank of Nigeria (CBN) payment gateway for seamless government collections.
“The process of profiling PSSPs shall commence immediately, and approved PSSPs by the Treasury shall be certificated and listed on the TMRAS for collections,” the memo added.
This transition marks a significant shift in Nigeria’s digital revenue collection system, promising enhanced efficiency, security, and accountability in government transactions.
