Federal Government engages banks on digital revenue platform to boost transparency

This digital system aims to improve transparency and accountability in public finance management. Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, represented by Permanent Secretary, Special Duties, Mohammed Danjuma, stated at a workshop in Abuja that RevOp modernizes revenue collection across government agencies by providing a centralized digital platform for generating, collecting, monitoring, and reporting revenues in real time. This initiative replaces fragmented manual processes that have hindered efficient revenue administration.

Despite progress, operational challenges persist, particularly among banks and frontline personnel who process payments, as some banking officers do not fully understand the platform. The Accountant-General of the Federation, Oluwatoyin Madein, represented by her Chief of Staff, Felix Ogundairo, noted that RevOp provides greater visibility into government revenues, improves compliance, eliminates leakages, and supports data-driven decision-making. Adebayo Adewale, Director of Revenue and Investment at the Office of the Accountant-General of the Federation, disclosed that over 70 percent of federal government-owned entities are already integrated into the platform.

Idris Dosunmu, Product Manager of RevOp, explained that the platform integrates billing, pa