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.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
Read full article
Continue on NairaMetrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria Introduces Federal Treasury Receipt to Enhance Revenue Transparency
Nigerian Government Launches Revenue Recovery Drive to Strengthen Fiscal Governance
Nigerian Government Ends Revenue Deductions, Orders Full Remittance for Fiscal Reform
Nigeria's Revenue Surges to N3.65 Trillion in Sept 2025, Up 411% - FIRS Report
FIRS to Unveil Nigeria Tax Reform Acts in Stakeholder Engagement Session
Nigeria's FG, States, LGs Share N2.103 Trillion Revenue in September 2025
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
