The Federal Government has intensified efforts to strengthen revenue collection and curb leakages by engaging the banking sector on the Revenue Optimisation Assurance Platform (RevOp), a digital system designed to improve transparency and accountability in public finance management.
Speaking at a sensitisation workshop organised by the Office of the Accountant-General of the Federation in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, represented by the Permanent Secretary, Special Duties, Mohammed Danjuma, said the platform was introduced to modernise revenue collection across government agencies.
He described RevOp as a centralised digital platform that enables federal agencies to generate, collect, monitor and report revenues in real time, replacing fragmented manual processes that have undermined efficient revenue administration.
“RevOp serves as a critical tool in the government’s drive to improve revenue administration, reduce leakages and enhance public sector accountability,” he said.
The minister reaffirmed the government’s commitment to boosting revenue generation, strengthening accountability and deploying technology to improve efficiency in public financial management.
He noted that despite progress since the platform’s rollout, some operational challenges remain, particularly among banks and frontline personnel responsible for processing payments.
According to him, some banking officers are yet to fully understand the platform, its objectives and the procedures required to support transactions conducted through it.
He stressed that the success of the platform depends largely on collaboration between government institutions and financial service providers, noting that banks have responsibilities beyond collecting payments and must ensure seamless revenue collection processes.
The Accountant-General of the Federation, Oluwatoyin Madein, represented by her Chief of Staff, Felix Ogundairo, said the platform was adopted as a strategic tool to improve revenue collection, monitoring, reconciliation and reporting.
She added that the system would provide greater visibility into government revenues, improve compliance, eliminate leakages and support data-driven decision-making.
Also speaking, the Director of Revenue and Investment at the Office of the Accountant-General of the Federation, Adebayo Adewale, disclosed that more than 70 per cent of federal government-owned entities had already been integrated into the platform.
He explained that RevOp is a government-owned solution managed by the OAGF to streamline revenue collection and eliminate operational silos across agencies.
The Product Manager of RevOp, Idris Dosunmu, said the platform integrates billing, payment and settlement processes within a single digital framework, with all transactions passing through secure channels to ensure transparency from bill generation to final remittance into government accounts.
The Revenue Optimisation Assurance Platform forms part of the Federal Government’s broader public finance reform agenda aimed at improving revenue collection, reducing leakages and strengthening transparency across Ministries, Departments and Agencies.
Officials said the initiative is expected to curb fraud, strengthen oversight of public funds and support the government’s drive to increase non-oil revenue through technology-driven solutions.
