FG replaces REMITA, unveils new payment platform

The Federal Government will launch the Treasury Management & Revenue Assurance System (TMRAS), a new payment platform designed to replace REMITA for revenue collection across federal ministries, departments, and agencies (MDAs).

A memo from the Office of the Accountant General of the Federation (OAGF), dated February 28, 2025, confirmed the development.

According to the memo, TMRAS will go live on March 4, 2025, as it will be deployed in two phases.

It noted that the first phase will cover payments and collections for the naira component only while the second phase, is expected to commence on June 1, 2025.

The memo disclosed that the second phase will cover collections and payments involving foreign exchange and integration with MDA Enterprise Resource Planning (ERP) systems.

“This phase shall also cover activation of the budget module for MDAs not in the national budget and other non-budgetary financial activities to enforce budget control,” the memo stated.

The memo also stated that the automatic deduction of 50% of Internally Generated Revenue from Federal Government agencies and parastatals will remain in effect.

“The split will be managed through the front end of the TMRAS. The system is designed to automatically split IGR to ensure immediate remittance of the split to both the Federal Government’s account and the dedicated accounts of the respective MDA. Additionally, the system generates and provides detailed reports to both the OAGF and the MDA for transparency and accountability.”

It noted that all extra-budgetary payments, including those from Special Accounts, will now be processed exclusively through TMRAS.

It, however, advised all MDAs to direct all PSSPs currently collecting on their behalf to connect with the official CBN-payment gateway, for instant coordination of government collections on the platform.

“The process of profiling PSSPs shall commence immediately, and approved PSSPs by the Treasury shall be certificated and listed on the TMRAS for collections.”