March 04, (THEWILL) – The Federal Government has debunked reports that it has discarded Remitta as the Central Bank of Nigeria (CBN) approved payment gateway for revenue collection across Federal Ministries, Departments and Agencies (MDAs).
A statement issued by Bawa Mokwa, Director (Press and Public Relations), Office of the Accountant General of the Federation (OAGF), explained that Remitta would rather be integrated into a new payment platform, Treasury Management and Revenue Assurance System (TMRAS) alongside other eligible Payment Solution Service Providers (PSSPs) for government revenue collection and remittances to enhance liberalisation.
According to the OAGF, the TMRAS policy was developed in line with the directives of the President and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to achieve effective treasury revenue assurance and improved budget performance of all MDAs and FGOEs.
“The Treasury Management and Revenue Assurance (TMRAS) is designed to coordinate, streamline, and manage the Federal Government’s revenue collections and payments for all Ministries, Departments and Agencies (MDAs). It will guarantee the liberalisation of government revenue payment processes, enhance revenue collections, and aid efficient, timely analysis of the information regarding such transactions.
“Remitta is one of the secured channels of revenue payment, but there are many others. The Treasury Management and Revenue Assurance System (TMRAS) will now allow these other secure payment platforms to connect. So, it will not be only Remitta, but all the other payment service providers that are licenced by the CBN will be able to operate.
“Remitta remains the only approved payment gateway for Federal Government payments and revenue collection for at least two months; but the government is working to take over the management of the front-end payment infrastructure and expand the collection system to accommodate other Central Bank of Nigeria (CBN) licenced Payment Solution Services Providers (PSSPs).
The OAGF advised all revenue payers and the general public to continue using Remitta and/or visit www.fgntreasury.gov.ng for all payments to the Federal Government.
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