The federal government has prohibited the use of physical cash for any revenue payments.
Ministries, Departments, and Agencies (MDAs) have been instructed to set up PoS machines and other authorized electronic payment devices within 45 days.
This new directive was communicated through four treasury circulars issued by the office of the accountant-general of the federation.
According to Accountant-General Shamseldeen Ogunjimi, all payments must now be made electronically and processed through channels approved by the treasury, which are linked to the Treasury Single Account.
The circular cautioned that accepting cash undermines the government’s electronic payment system. MDAs are required to post notices indicating that cash payments are not permitted.
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Another circular has prohibited MDAs from making unauthorized deductions via private payment platforms, as this has led to revenue losses.
All revenues must now be deposited directly into government accounts without any deductions.
Additionally, the treasury announced a new electronic receipt system that will take effect on January 1, 2026. Only this e-receipt will be recognized as valid proof of payment for any federal transaction.
A digital revenue platform, named RevOP, will also be introduced to enhance payment monitoring, improve billing, and track government accounts in real time.
MDAs are required to provide complete details of all their bank accounts and designate staff members to act as key contacts for the new system.
These initiatives mark one of the most significant changes to federal revenue operations since the implementation of the Treasury Single Account.
