The Federal Government on Tuesday launched a new revenue platform, the Treasury Management and Revenue Assurance (TMRAS).

In a statement on Tuesday, the Office of the Accountant General of the Federation (OAGF) said despite the launch of the new payment platform, the Remita platform, known as the Central Bank of Nigeria (CBN) approved payment gateway, would still be operational.

The OAGF also explained that the TMRAS is designed to coordinate, streamline, and manage federal government revenue collections and payments as this will guarantee the liberalization of government revenue payment processes, enhance revenue collections, and aid efficient and timely analysis of transactions .

To allay the fears of revenue payers and the general public, the OAGF clarified that Remita remains the only approved payment gateway for federal government payments and revenue collection for at least two months. 

The statement signed by a spokesperson for the OAGF, Bawa Mokwa, said that Remita would be integrated into the TMRAS alongside other eligible Payment Solution Service Providers (PSSPs) for government revenue collection and remittances to enhance liberalisation.