The Office of the Accountant General of the Federation (OAGF) has assured the public that Remita, the Central Bank of Nigeria (CBN)-approved payment gateway, will continue to be operational despite the launch of the new Treasury Management and Revenue Assurance System (TMRAS).
Its spokesperson, Bawa Mokwa noted that Remitawould be integrated into TMRAS alongside other eligible Payment Solution Service Providers (PSSPs) to enhance payment liberalisation.
The Accountant-General of the Federation, OluwatoyinMadein, had said the move is to enhance treasury management, revenue assurance, and budget performance for Ministries, Departments, and Agencies, as well as Federal Government-Owned Enterprises.
The Treasury Management and Revenue Assurance went live yesterday in the phase-1 rollout, which will cover payments and collections in Naira, enabling automatic tax deductions on vendor payments, while the Phase Two would begin on June 1, 2025 and will introduce foreign exchange transactions, integration with MDA ERP systems, and activation of the budget module for non-budgetary MDAs.
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