By Mary Onyia
As from January 2026, Nigerians will experience a major shift in how they pay for government services and transactions, as the Federal Government, begins the implementation of full cashless policy in the collection of its revenues.
This new cashless policy directly affects citizens, businesses, all federal agencies, MDA’s, financial institutions and digital service providers, and will serve as a unified digital ecosystem for monitoring, reconciling and optimizing government revenues.
The cashless policy, the Ministry of Finance, hopes will expectedly assist the government in keeping accurate accounts, help in the area of debt recovery, and ultimately reduce the incidences of corruption in line with the federal government anti-corruption and fiscal transparency stance.
Under the new arrangement the federal government will make the e-receipt, a mandatory system of payment for all government financial dealings.
The Ministry further stated: “By outlawing unauthorised deductions, commissions, or charges taken before remittance to the TSA, the government expects to eliminate substantial leakages that currently occur within MDAs using unapproved PSSP platforms.”
The ministry also described the development as, “A critical milestone in Nigeria’s anti-corruption and fiscal transparency agenda.”
RevOp will, “operationalise the Minister’s broader economic strategy: reducing human discretion, eliminating cash handling, enforcing full audit trails, and using real-time digital insights to strengthen accountability.
“It marks the biggest consolidation of Nigeria’s digital public finance infrastructure in a decade.
“TSA, GIFMIS, CBN, NIBSS, FIRS, and MDAs will now speak to each other in a unified digital environment through RevOp,” the ministry said.
With additional reports from Vanguard