The Federal Government has launched the Federal Treasury Receipt (FTR), a major digital reform aimed at curbing revenue leakages and improving fiscal transparency.
The new system is expected to provide a single, standardised, and digitally verifiable proof of all payments made into federal accounts, ensuring that every government-issued receipt matches actual funds received by the Treasury.
According to the Ministry of Finance, the FTR marks a significant step toward tightening public financial controls and eliminating long-standing loopholes that have undermined accountability in revenue collection.
The FTR rollout coincides with the Central Billing System (CBS), which standardises the pricing and billing of government services. Both systems feed into a broader architecture called the Revenue Optimisation and Assurance Platform (RevOp), an end-to-end digital ecosystem that went live on August 1, 2025.
According to the Finance Ministry, RevOp provides real-time visibility into revenue inflows from ministries, departments, and agencies (MDAs), enabling automated reconciliation and settlement between the Treasury and revenue-generating bodies.
In its words, the goal is “to ensure every naira due to the Federation is captured, reconciled, and accounted for.”
