The Federal Government has announced a major digital overhaul of treasury operations, banning cash collections across Ministries, Departments and Agencies (MDAs) and mandating electronic receipts from January 1, 2026.
According to new circulars issued by the Office of the Accountant General of the Federation (OAGF), the reforms introduce a strict cashless policy, a mandatory Federal Treasury e-Receipt (FTeR) system, and full deployment of the Revenue Optimisation (RevOp) Platform for real-time monitoring and reconciliation of government revenues.
The OAGF said the measures are designed to block leakages, curb corruption, and modernise public finance management. The circulars warn that acceptance of physical cash, naira or foreign currency by MDAs now contravenes federal policy and must stop immediately.
From January 2026, the FTeR will become the only legally recognised receipt for all federal transactions, replacing paper and manually issued receipts. The reforms support the Finance Ministry’s broader digital transformation agenda and aim to improve transparency, audit accuracy and revenue mobilisation.
The move follows recent disclosures by Finance Minister Wale Edun that billions of naira remained outside the Treasury Single Account (TSA) as recently as August 2025. The government says the shift to digital treasury operations aligns Nigeria with global best practices in public finance.
