To enhance revenue collection and financial transparency, the Nigerian government has launched the Treasury Management and Revenue Assurance System (TMRAS).
This platform replaces the existing Remita system for managing payments, collections, and tax compliance across Ministries, Departments, and Agencies (MDAs) and Federal Government-Owned Enterprises (FGOEs).
A New Era of Treasury Management
The Office of the Accountant-General of the Federation (OAGF) spearheaded the transition in line with directives from President Bola Ahmed Tinubu and the Minister of Finance.
The initiative strengthens treasury operations, ensures tax compliance, and improves budgetary performance.
According to the OAGF, all MDAs and FGOEs using Remita must migrate to TMRAS via www.fgntreasury.gov.ng.
A circular from outgoing Accountant-General Dr. Oluwa Oyin Madein confirmed that TMRAS goes live March 4, 2025, with a phased rollout.
Phased Implementation
- Phase One (March 4, 2025): Covers payments in Naira, automatic tax deductions, and real-time bank statements.
- Phase Two (June 1, 2025): Expands to FX transactions, ERP integration, and budget control for non-budget-funded MDAs.
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Automatic User Migration & System Integration
All Remita users will be migrated automatically with existing login credentials. New users will receive email notifications with login details and must reset passwords upon first access.
MDAs must integrate their financial systems with TMRAS to streamline collections, automate bank statements, and enforce budget control.
Vendor Registration & Tax Compliance
Vendors must register with Federal Inland Revenue Service (FIRS) to receive payments.
All tax-deductible transactions—VAT, Withholding Tax (WHT), and Stamp Duty—will be deducted automatically at payment.
“No payment will be processed without the necessary tax components,” the directive stated.
Strengthening Budgetary Discipline
MDAs not funded by the national budget must upload their approved budgets, restricting spending to set limits.
“Any request to exceed the budget must go through the Ministry of Finance via OAGF,” the circular added.
Key Features of TMRAS
- ERP Integration: MDAs must link financial systems for seamless reconciliation.
- Budget Control: MDAs upload budgets to enforce financial discipline.
- Internally Generated Revenue (IGR) Deduction: 50% of IGR from federal agencies goes to the government.
- Extra-Budgetary Payments: Special account disbursements must go through TMRAS.
- Regulated Payment Solution Providers: Only CBN-licensed PSSPs approved by OAGF can collect government revenue.
- Training & Support: MDAs receive training for smooth adoption.
Transition Timeline
Remita and TMRAS will run concurrently for two months from March 4, 2025. Afterward, all government transactions must use TMRAS exclusively.
TMRAS is a major step toward modernizing public finance, enforcing tax compliance, and boosting government revenue collection.
