File photo: Finance Minister, Taiwo Oyedele The Federal Government has engaged the banking community on the Revenue Optimisation Assurance Platform, a digital revenue collection system aimed at improving revenue generation, blocking leakages and enhancing transparency in public finance management.
Speaking at a sensitisation workshop organised by the Office of the Accountant-General of the Federation in Abuja on Friday, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the platform was designed to modernise Nigeria’s revenue collection process.
Represented by the Permanent Secretary, Special Duties, Mohammed Danjuma, Oyedele described RevOp as a centralised digital revenue collection and monitoring system that provides a real-time automated framework for federal agencies to raise, collect and report revenues.
According to him, the platform replaces fragmented manual processes that have hindered effective revenue collection for decades. He said, “RevOp serves as a critical tool in the government’s drive to improve revenue administration, reduce leakages, and enhance public sector accountability.” The minister reiterated the government’s commitment to improving revenue generation, strengthening accountability, and leveraging technology to enhance efficiency across public financial management processes.
Oyedele noted that although significant progress had been made since the platform’s implementation, some challenges remained, particularly limited awareness among banking channels and frontline officers. He explained that some banking personnel were still unfamiliar with the platform, its objectives and the procedures required to support transactions processed through it.
“These challenges, though operational in nature, have significant impacts on the overall customer experience and effectiveness of the initiative. This is precisely why we are here today,” he said. Oyedele stressed that the success of the initiative depended on collaboration between the government and financial institutions, noting that banks play a critical role beyond payment collection.
According to him, banks are expected to ensure that government revenue collection processes remain efficient and user-friendly. “Today’s sensitisation session has, therefore, been organised to deepen understanding of the platform, clarify operational processes, address concerns, and establish stronger communication channels between the project team and participating financial institutions.
In her remarks, the Accountant-General of the Federation, Oluwatoyin Madein, said the revenue optimisation portal was adopted as a strategic tool to improve revenue collection, reconciliation, monitoring and reporting. Represented by her Chief of Staff, Felix Ogundairo, Madein said the platform would provide greater visibility into government revenue, eliminate leakages, improve compliance and support informed decision-making through real-time data and analytics.
“This engagement, therefore, provides an opportunity for us to discuss implementation challenges, align expectations, clarify operational issues, and strengthen the partnership necessary for the success of the application,” she said. Also speaking, the Director of Revenue and Investment at the OAGF, Adebayo Adewale, disclosed that more than 70 per cent of Federal Government-owned entities had already adopted the platform.
He said RevOp was a government-owned solution managed by the OAGF to streamline revenue collection and eliminate existing silos in the system. “Today’s sensitisation is aimed at bringing to your knowledge that RevOp generates the bill and collects Federal Government revenue using the existing licensed payment solution system providers and commercial banks nationwide.