Nigeria hasn’t “dumped” Remita but plans for a new “Treasury Portal” signal a shakeup

Nigeria’s federal government has not “dumped” Remita, the electronic payment platform that has powered the Treasury Single Account (TSA) for nearly a decade, despite reports suggesting otherwise. Instead, a new system—Treasury Management & Revenue Assurance System (TMRAS)—will operate alongside Remita, the latest in a series of attempts to loosen the company’s grip on government…