The Federal Government engages banks to support a new digital platform for collecting government revenue, aiming to improve transparency and strengthen oversight of inflows. Officials say the platform is designed to enable real-time monitoring of government receipts, reduce opportunities for revenue leakages, and improve accountability in the collection process. The initiative is described as a modernisation effort for revenue collection systems, with banks playing a role in enabling the platform’s operations. One report frames the government’s request as seeking banks’ support to enhance revenue collection through a digital solution, emphasizing transparency, leak reduction, and continuous tracking. Another report identifies the platform as “RevOp” and similarly links its purpose to boosting transparency, curbing leakages, and modernising collection mechanisms. Both accounts present the engagement with banks as a key step toward implementation, suggesting that the government is coordinating with financial institutions to integrate payment and reporting processes under the new system. The reports do not specify timelines, coverage of revenue streams, or technical details beyond the stated goals.
FG engages banks on digital revenue platform to improve transparency and monitoring
The Federal Government engages banks to support a new digital platform for collecting government revenue, aiming to improve transparency and strengthen oversight of inflows. Officials say the platform...
- The Federal Government engages banks over a new digital platform for revenue collection.
- The platform is intended to improve transparency in government receipts.
- Officials say it reduces leakages and improves accountability.
- The system provides real-time monitoring of revenue collection.
- One outlet names the platform “RevOp.”
Officials say the platform is designed to improve transparency, reduce leakages and enable real-time monitoring of government revenues. The post FG seeks banks’ support to strengthen revenue collection through digital platform appeared first on Premium Times Nigeria.
12 hours agoThe Federal Government is engaging banks on its new digital revenue platform, RevOp, to boost transparency, curb leakages, and modernise revenue collection Read More: https://punchng.com/fg-engages-banks-on-digital-revenue-platform-to-boost-transparency/
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