The Federal Government has banned the use of physical cash for all revenue payments and directed Ministries, Departments and Agencies (MDAs) to deploy POS terminals and other electronic payment devices within 45 days.
The directive was contained in new Treasury circulars issued by the Office of the Accountant-General of the Federation, which stated that all payments must now be made electronically and routed through approved channels integrated into the Treasury Single Account.
The government expressed concern over continued cash collection at MDA revenue points, warning that it violates existing financial regulations and weakens the e-payment system. MDAs were ordered to display notices prohibiting cash and to sensitise staff and the public.
The Treasury also stopped MDAs from making unauthorised deductions through customised payment platforms, citing revenue leakages. From January 1, 2026, a unified electronic receipt, the Federal Treasury e-Receipt (FTe-R), will be issued for all payments.
A final circular announced the rollout of the Revenue Optimisation (RevOP) platform, approved as the central system for monitoring and managing government revenue
