The Federal Government has introduced a new revenue collection system, the Treasury Management and Revenue Assurance System (TMRAS), which will take over from Remita as the official payment platform for Ministries, Departments, and Agencies (MDAs).
This decision, driven by the Office of the Accountant-General of the Federation (OAGF), aligns with President Bola Tinubu’s directive to enhance financial transparency, revenue collection, and budget performance.
According to a circular issued by the Accountant-General, Dr. Oluwatoyin Madein, TMRAS officially goes live today, 4th March 2025, with implementation set to occur in two phases.
Two-Phase Implementation
In the first phase, TMRAS will handle all naira transactions, including payments and collections. It will also automate tax deductions on vendor payments and allow MDAs to generate bank statements and track balances.
The second phase, scheduled to commence on 1st June 2025, will introduce foreign exchange transactions, integration with MDA Enterprise Resource Planning (ERP) systems, and a budget control module for agencies that operate outside the national budget.
User Transition and Access
MDAs and officials currently using Remita will automatically be moved to TMRAS without needing to create new login credentials. New users will receive an email containing a one-time password, which must be changed upon first login.
“All current and active users on the Remita platform will automatically be able to log into the Treasury Management and Revenue Assurance System using the same username and Corporate previously set up on the Remita system. Once any user is created, an automated email notification detailing the username and one-time password shall be sent. The system will mandate a change of the one-time password at first login,” the circular stated.
Added to this, all MDAs must integrate their financial systems with TMRAS to enable automated processing of collections, payments, and bank statements.
Vendor Payments and Tax Compliance
The government has made tax compliance a strict requirement under TMRAS. Contractors and vendors seeking payments must be registered with the Federal Inland Revenue Service (FIRS), ensuring all tax-deductible payments—including Value Added Tax (VAT), Withholding Tax (WHT), and Stamp Duty—are processed at the time of transaction.
“The system shall not permit any payment without the associated tax components,” the directive stated.
Budget Enforcement and Spending Limits
TMRAS will also enforce budget discipline by ensuring that MDAs operate within their approved financial limits. Agencies not covered under the national budget will need to upload their approved budgets onto the platform. Any expenditure exceeding the allocated amount will require explicit approval from the Ministry of Finance.
“The system shall permit MDA to spend within her approved budget limits in any fiscal year. Any request to spend beyond these limits shall be approved by the appropriate authority and forwarded to the Federal Ministry of Finance via the Office of the Accountant-General of the Federation (OAGF) for further approval.”
Internally Generated Revenue (IGR) and Special Accounts
TMRAS introduces a new rule for Internally Generated Revenue (IGR), automatically deducting 50% of revenue generated by federal agencies and transferring it to the government’s central account.
Furthermore, all extra-budgetary payments and transactions from Special Accounts must now be processed exclusively through TMRAS, eliminating manual payment mandates.
Transition Period
To ensure a smooth transition, Remita will continue to operate alongside TMRAS for the next two months, from 4th March to 4th May 2025. After this period, MDAs must process all payments exclusively through TMRAS.
The OAGF has assured that training and sensitisation sessions for government agencies will begin immediately to ensure seamless adoption of the new system.
