The Federal Government (FG) will implement a fully cashless policy for all revenue collection, effective January 1, 2026, banning cash payments across all ministries, departments, and agencies (MDAs).

Under the new system, the Federal Treasury eReceipt (FTeR) will become the only valid and legally recognized proof of payment for government transactions. The rollout will be supported by the Revenue Optimisation (RevOp) Platform, a unified digital ecosystem for monitoring, reconciling, and optimizing government revenues.

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Key Details of the Policy

• Mandatory e-receipts: Citizens, businesses, MDAs, financial institutions, and digital service providers must use FTeR for all federal government payments.
• Elimination of revenue leakages: The policy aims to stop unauthorized deductions, commissions, and charges that occur when cash is handled manually or through unapproved platforms.
• Digital integration: RevOp will connect TSA, GIFMIS, CBN, NIBSS, FIRS, and MDAs in a single digital environment to ensure real-time tracking, audit trails, and enhanced accountability.
• Fiscal and anti-corruption benefits: The government expects the move to save costs, recover previously lost revenue, and strengthen fiscal transparency.

The Ministry of Finance described the initiative as “a critical milestone in Nigeria’s anti-corruption and fiscal transparency agenda” and the largest consolidation of digital public finance infrastructure in the last decade.