FG Engages Banks On RevOp Digital Revenue Platform To Curb Leakages

The Federal Government has engaged commercial banks on the Revenue Optimisation Assurance Platform, known as RevOp, as part of efforts to strengthen public revenue collection and reduce leakages.

Premium Times and Punch reported that the engagement took place at a sensitisation workshop organised by the Office of the Accountant-General of the Federation in Abuja on Friday.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, was represented at the event by the Permanent Secretary for Special Duties, Mohammed Danjuma. The reports said the ministry presented RevOp as a centralised digital platform for federal agencies to generate bills, collect payments, monitor transactions and report revenue in real time.

The platform is being positioned as a public-finance tool, not as a magic fix. Punch reported that officials acknowledged operational challenges among banks and frontline personnel, even as government agencies continue the rollout.

The story matters because revenue leakages and manual processes have long been cited as weaknesses in federal collections. A wider adoption of RevOp could improve visibility over what ministries, departments and agencies bill and collect, but the actual results will depend on execution by government agencies and banks.

Sources: Premium Times, Punch