Nigeria ends 13-year Remita partnership, launches new treasury system
- The Federal Government of Nigeria has terminated its longstanding relationship with Remita.
- Remita processed $30 billion annually in 2016 from various transactions.
- The new Treasury Management and Revenue Assurance System goes live today.
Techpoint Africa - Mar 4, 2025
Nigeria abandons treasury single account gateway Remita after 13 years
Nigeria's central government is launching a new payment system called the Treasury Management & Reve
The termination of the partnership with Remita raises concerns about the stability of payment solutions for government transactions in Nigeria. While the new system aims to enhance transparency and efficiency, the abrupt change could lead to disruptions and challenges for both the government and businesses relying on these services. System Specs will need to adapt quickly to mitigate the financial impact of losing such a significant contract.
