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.

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.