The Federal Government of Nigeria has suspended all physical cash payments for revenue transactions, ordering Ministries, Departments, and Agencies (MDAs) to deploy Point of Sale (POS) terminals and other approved electronic payment systems within 45 days.

The directive was issued through four treasury circulars by the Office of the Accountant-General of the Federation (OAGF).

According to Accountant-General Shamseldeen Ogunjimi, all payments to the Federal Government must now be processed electronically via channels approved by the Treasury and fully integrated into the Treasury Single Account (TSA).

“It is hereby directed that collections and/or acceptance of physical cash (in naira or other currencies) for all revenues due to the Federal Government is strictly prohibited. All revenue collections must be made via electronic processing,” one circular stated.

The first circular, dated November 24, 2025, cited concerns over continued cash usage at MDA revenue points despite existing TSA and e-payment policies. It directed agencies to sensitise staff and the public and to display “NO PHYSICAL CASH RECEIPT” notices. Agencies still receiving cash were given 45 days to install functional POS machines and other electronic devices. Accounting officers will be held liable for violations.

A second circular, dated November 25, 2025, addressed unauthorised deductions via customised MDA payment platforms, which were described as causing “significant revenue leakages.”

Beginning January 1, 2026, the government will issue a unified electronic receipt, the Federal Treasury e-Receipt (FTe-R), through the Revenue Optimisation (RevOP) platform. The FTe-R will serve as both the payer’s receipt and official proof of government revenue collection.

A fourth circular, dated November 27, 2025, provided rollout guidelines for the RevOP platform, which is now the central system for end-to-end revenue optimisation across all federal entities, enhancing transparency, billing efficiency, and real-time account monitoring.