FG bans cash payments for all services

The Federal Government has announced that from 1 January 2026, all payments for its services will become strictly cashless, ending the acceptance of physical cash for  revenue-related transactions.

The move comes as part of a broader digital overhaul that will introduce a compulsory electronic receipt system known as the Federal Treasury e-Receipt (FTeR), alongside the full deployment of the Revenue Optimisation (RevOp) platform.

Details contained in a document issued by the Federal Ministry of Finance in Abuja revealed that RevOp, a consolidated digital infrastructure designed to track, reconcile, and maximise government revenue, will be implemented across every federal agency.

According to the document, “As from January 1, 2026, the Federal Treasury eReceipt (FTeR) will become the only valid and legally recognised receipt for all federal government transactions.

“This is a major shift in how Nigerians pay for government services and how such payments are verified.

“It directly affects citizens, businesses, MDAs, financial institutions, and digital service providers.”

The ministry explained that the initiative is expected to curb financial leakages, block unauthorised deductions, and increase transparency in the management of public funds.

It added: “By outlawing unauthorised deductions, commissions, or charges taken before remittance to the TSA, the government expects to eliminate substantial leakages that currently occur within MDAs using unapproved PSSP platforms.”

Describing the transition as a significant step forward, the ministry noted that it represents “A critical milestone in Nigeria’s anti-corruption and fiscal transparency agenda.”

The RevOp system, it stated, will “operationalise the Minister’s broader economic strategy: reducing human discretion, eliminating cash handling, enforcing full audit trails, and using real-time digital insights to strengthen accountability.”

It further highlighted the scale of the reform, saying, “It marks the biggest consolidation of Nigeria’s digital public finance infrastructure in a decade.

“TSA, GIFMIS, CBN, NIBSS, FIRS, and MDAs will now speak to each other in a unified digital environment through RevOp.”