Nigerian Government Launches Federal Treasury Receipt to Curb Revenue Leakages

The Nigerian Federal Government has introduced the Federal Treasury Receipt (FTR) as a digital reform initiative to address revenue leakages and enhance fiscal transparency. The FTR system aims to provide standardized digital verification of payments made to federal accounts, ensuring that every government-issued receipt matches the actual funds received by the treasury.

This move, led by the Ministry of Finance, is part of broader efforts to tighten public financial controls and eliminate loopholes undermining revenue collection. The FTR rollout coincides with the Central Billing System (CB) to standardize pricing for government services, forming a comprehensive revenue optimization platform.

The system, launched in August 2025, is expected to reduce leakages, create fiscal space for investments, and strengthen non-oil revenue collection in Nigeria.