The Federal Government has launched the Treasury Management and Revenue Assurance System (TMRAS) to replace Remita as its official revenue collection platform. The transition, led by the Office of the Accountant-General of the Federation (OAGF), aligns with directives from President Bola Tinubu and the Minister of Finance to enhance Treasury Management, Revenue Assurance, and Budget Performance for Ministries, Departments, and Agencies (MDAs) and Federal Government-Owned Enterprises (FGOEs).
Dr. Oluwa Oyin Madein, Accountant-General of the Federation, announced that MDAs currently using Remita will now access funds through TMRAS via the OAGF website. The rollout will happen in two phases: Phase One (March 4, 2025) will handle payments and collections in Naira, while Phase Two (June 1, 2025) will introduce foreign exchange transactions and budget control features.
All existing Remita users will be migrated automatically, retaining their login credentials. New users will receive an email with a one-time password, which must be changed upon first login. MDAs must also integrate their financial systems with TMRAS to enable seamless transactions.
The system enforces tax compliance by ensuring that VAT, Withholding Tax, and Stamp Duty are deducted at the point of payment. Contractors must be registered with the Federal Inland Revenue Service (FIRS) to receive payments. Additionally, MDAs not funded by the national budget must upload their approved budgets, with spending restricted to allocated limits.
To ensure a smooth transition, Remita will operate alongside TMRAS for two months before being phased out completely.
