Nigerian Government Bans Physical Cash Receipts to Boost Transparency
The Nigerian government has prohibited physical cash receipts by MDAs as part of a digital overhaul of the public finance architecture. The move, initiated by the Office of the Accountant General of the Federation (OAGF), aims to eliminate leakages, enhance transparency, and modernize revenue administration.
The new mandatory electronic receipt system will be fully deployed through the Federal Government's Revenue Optimization (REVOP) platform. This decision is a significant step towards ending manual payment practices, reducing fraud, and improving audit trails across government agencies.
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