The Federal Government has confirmed that Remita, the widely used payment gateway for government transactions, will not be phased out despite the introduction of the new Treasury Management and Revenue Assurance System (TMRAS).
Instead, it will be integrated into the new platform alongside other payment solution providers.
According to a statement from the Office of the Accountant General of the Federation (OAGF), TMRAS aims to expand payment options for ministries, departments, and agencies (MDAs) while enhancing financial oversight and efficiency.
The statement, signed by OAGF spokesperson Bawa Mokwa, clarified that multiple payment service providers licensed by the Central Bank of Nigeria (CBN) will now be able to operate within the system.
“Remita is one of the secured channels of revenue payment, but there are many others. The Treasury Management and Revenue Assurance (TMRAS) will now allow these other secure payment platforms to connect. So, it will not be only Remita, but all the other payment service providers that are licensed by the CBN will be able to operate,” the statement read.
TMRAS will be rolled out in two phases, with the first phase beginning on 4 March 2025. This initial phase will cover naira-denominated transactions, automatic tax deductions, and enhanced financial monitoring.
The second phase, set for 1 June 2025, will introduce foreign exchange transactions, integration with MDA Enterprise Resource Planning (ERP) systems, and a budget module for non-budgetary MDAs.
The transition from Remita to TMRAS aligns with directives from President Bola Tinubu and Minister of Finance Wale Edun, who have prioritised improved revenue collection and budget performance.
The OAGF explained that TMRAS is designed to centralise and streamline government revenue collections, ensuring timely analysis and improved financial transparency.
Previously, SystemSpecs, the developers of Remita, managed the front-end infrastructure for government payments. However, the government now intends to take over this infrastructure, allowing for more participation from other CBN-licensed payment providers.
Despite this transition, the OAGF reassured the public that Remita remains an authorised payment channel for federal transactions and urged users to continue making payments through the platform.
