The Nigeria Export Processing Zones Authority (NEPZA) and 20 other Federal Government agencies have committed to integrating the Revenue Optimisation and Assurance Platform (RevOP) and the Federal Treasury e-Receipt (FTe-R) system as part of efforts to strengthen transparency, accountability, and efficiency in government revenue management.
Managing Director and Chief Executive Officer of NEPZA, Olufemi Ogunyemi, disclosed this after a meeting held in Abuja between the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and chief executives of 21 affected government agencies.
The Revenue Optimisation and Assurance Platform, recently approved by the Federal Executive Council (FEC), is designed to curb financial leakages, eliminate day-to-day fraud, and enhance transparency in the management of public funds in line with the reform agenda of President Bola Ahmed Tinubu.
Speaking through the Permanent Secretary of the Ministry of Finance, Muhammed Sanusi, the minister explained that the platform was developed to provide comprehensive monitoring of government revenues and expenditures.
According to him, 31 Ministries, Departments and Agencies (MDAs) are already operating on the platform, while 21 additional agencies are being integrated as the Federal Government intensifies efforts to achieve full financial transparency and accountability before the end of the year.
He urged all affected agencies to embrace the initiative without delay, describing it as a critical step towards strengthening financial due process and enhancing public confidence in government operations.
Commenting on NEPZA’s readiness, Dr. Ogunyemi said the authority was well positioned for seamless compliance owing to its robust digital financial management system.
He commended the Federal Government for introducing the initiative and expressed confidence that the platform would significantly improve financial oversight across public institutions.
“We are encouraged and feel responsible to follow the RevOP. It is especially motivating to observe the President taking clear leadership and responsibility for this vital financial monitoring system, which will help push the administration’s Renewed Hope Agenda forward,” Ogunyemi stated.
The integration of additional MDAs into the platform is expected to further consolidate the Federal Government’s drive towards fiscal discipline, transparency, and efficient revenue administration.
