Remita to Remain Operational Despite TMRAS Rollout – Nigeria’s OAGF 

The Office of the Accountant General of the Federation (OAGF) has assured the public that Remita will not be shut down or sidelined despite the federal government’s decision to introduce the Treasury Management and Revenue Assurance System (TMRAS).

This clarification comes amid widespread speculation following the recent announcement that TMRAS would replace Remita as the primary platform for processing government payments. In a statement released on Tuesday, March 4, OAGF spokesperson Bawa Mokwa emphasized that Remita will continue to function alongside other Central Bank of Nigeria (CBN)-licensed Payment Solution Service Providers (PSSPs).

A New Landscape for Government Payments

The federal government’s shift to TMRAS was initially perceived as an outright displacement of Remita, which has served as the gateway for Nigeria’s Treasury Single Account (TSA) since 2012. However, the OAGF now clarifies that the move is aimed at broadening the scope of payment options rather than eliminating Remita.

“Remita is one of the secured channels of revenue payment, but there are many others. The Treasury Management and Revenue Assurance System (TMRAS) will now allow these other secure payment platforms to connect,” Mokwa explained.

This means that rather than a government-mandated shift away from Remita, the new system introduces a multi-gateway framework where various CBN-licensed payment providers will be allowed to operate.

What This Means for Nigeria’s Fintech Landscape

The federal government’s reassurances indicate that Remita will not face an immediate loss of relevance, but rather, it will compete alongside other fintech players in the public sector payment space. This shift aligns with the broader goal of liberalizing Nigeria’s payment system, ensuring that multiple secure platforms can facilitate transactions for government revenue collection.

For businesses and agencies using Remita, this update eases concerns over potential disruptions and highlights the government’s intention to foster a more competitive and diverse financial ecosystem.

Business Verge Previously Covered The Remita–TMRAS Transition

This development follows our earlier report on the Nigerian government’s decision to introduce TMRAS as a new payment system. While initial interpretations suggested a phase-out of Remita, the latest statement from the OAGF clarifies that Remita remains integral to the new financial structure.

With this confirmation, the focus now shifts to how Remita and other payment platforms will adapt to the evolving landscape, and whether this new approach will lead to improved efficiency in Nigeria’s public finance management.

As more details emerge, we will continue to track how this transition impacts the fintech ecosystem, government revenue processing, and digital payment accessibility in Nigeria.