Business
FG seeks banks’ support to strengthen revenue collection through digital platform
The Federal Government has intensified efforts to improve revenue collection and reduce leakages by engaging commercial banks to implement the Revenue Optimisation Assurance Platform (RevOp), a digital system designed to enhance transparency and accountability in public finance management.
The initiative was the focus of a sensitisation workshop organised by the Office of the Accountant-General of the Federation (OAGF) in Abuja on Friday.
Speaking at the event, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, represented by the Permanent Secretary for Special Duties, Mohammed Danjuma, said the platform was introduced to modernise government revenue administration and address longstanding inefficiencies associated with manual processes.
According to him, RevOp provides a centralised digital platform that enables government agencies to generate bills, collect payments, monitor transactions, and report revenue in real time.
“RevOp serves as a critical tool in the government’s drive to improve revenue administration, reduce leakages and enhance public sector accountability,” he said.
Mr Oyedele said the government remains committed to deploying technology-driven solutions to strengthen revenue generation and improve financial management across public institutions.
He noted that while the platform has recorded progress since its introduction, implementation challenges persist, particularly among some banking personnel responsible for processing payments.
According to him, inadequate understanding of the platform’s processes by frontline banking staff has affected customer experience and transaction efficiency.
“These challenges, though operational in nature, have significant impacts on the overall customer experience and effectiveness of the initiative. This is precisely why we are here today,” he added.
The minister stressed that commercial banks play a critical role in ensuring the initiative’s success, adding that their responsibilities extend beyond collecting payments to supporting efficient revenue administration.
He urged financial institutions to ensure that knowledge gained from the workshop reaches branch managers, customer service officers and tellers who interact directly with members of the public.
Over 70 per cent of agencies are onboarded
Also speaking, the Director of Revenue and Investment at the OAGF, Adebayo Adewale, disclosed that more than 70 per cent of federal government-owned entities have already been integrated into the platform.
He explained that RevOp was developed as a government-owned solution to eliminate operational silos and streamline revenue collection across ministries, departments and agencies.
According to him, the platform works through existing licensed payment service providers and commercial banks nationwide.
“People will be presenting RevOp-generated bills to commercial banks for payment, and we expect prompt collection,” he said.
The Product Manager of RevOp, Idris Dosunmu, said the platform integrates billing, payment, and settlement processes into a single framework, ensuring greater transparency from bill generation to final remittance.
“This will ensure that every penny due to the federal government goes into government coffers,” he noted.
The Revenue Optimisation Assurance Platform forms part of the Federal Government’s broader public finance reform programme aimed at improving accountability, boosting non-oil revenue and strengthening oversight of public funds.
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Approved by the Federal Executive Council, the platform enables real-time monitoring and reconciliation of government revenues while integrating with other digital financial management systems.
Earlier this month, government officials disclosed that 31 ministries, departments and agencies had already been onboarded onto the platform, with plans to expand coverage across the public sector.
Authorities say the initiative is expected to help curb fraud, improve revenue tracking and strengthen confidence in government financial management systems as Nigeria seeks to increase domestic revenue mobilisation.
The Global Environment Facility (GEF), a family of funds supporting environmental action globally, says African countries are the largest beneficiaries of its funding for sustainable environmental projects.
Ulrich Apel, GEF Senior Environmental Specialist, disclosed this on Monday while responding to questions on mechanisms for accessing environmental finance.
Apel said Africa had received about 30 per cent of GEF funding, ahead of Asia, which received 18 per cent, and Latin America and the Caribbean, which received 15 per cent.
“First of all, we have programmes that cover all the available funding. We programme all of our available funding, and in fact, the African region is the largest beneficiary of our funding, having received about 30 per cent of the funds, followed by Asia with 18 per cent, and Latin America and the Caribbean with 15 per cent,” he said.
He was responding to PREMIUM TIMES’ questions about how African countries, including Nigeria, could more easily access GEF funding.
According to him, African countries are a particular focus of the GEF’s funding because of the region’s vulnerability to land degradation, desertification and drought, which are central issues at the ongoing United Nations Convention to Combat Desertification (UNCCD) COP17.
“So, I don’t think the problem is necessarily the accessibility of funds, because we programme all the funding that we have available,” Apel said.
The disclosure came as governments, financial institutions and businesses at UNCCD COP17 in Mongolia intensified efforts to mobilise finance for land restoration and drought resilience.
Finance takes centre stage at COP17
24 August was designated as Finance Day at UNCCD COP17 in Ulaanbaatar, Mongolia, with discussions across meeting rooms and the plenary hall focused on mobilising public and private investment for land restoration and drought resilience.
The 17th Conference of the Parties to the UNCCD is placing particular emphasis on rangelands — including drylands, grasslands, shrublands, wetlands and deserts — which cover more than half of the Earth’s land surface.
Despite their importance to pastoralists, biodiversity, food systems and carbon storage, about half of the world’s rangelands are estimated to be degraded.
Against this backdrop, governments, development banks, investment funds and businesses participating in COP17 on Monday announced $1.3 billion in new and pipeline financing for land restoration and drought resilience across 23 countries on five continents.
GEF unveils drought programme
The GEF also announced the development of a new Drylands and Drought Management Integrated Program aimed at helping countries proactively manage drought, strengthen resilience in drylands and respond to growing risks to ecosystems, food security, water availability, livelihoods and health.
The programme will be implemented during the GEF-9 investment cycle, covering 2026 to 2030.
The facility said the programme responds to requests from parties to the UNCCD for the GEF to prioritise drought resilience in its programming.
It will support countries and communities in better preparing for, monitoring, assessing, mitigating, and responding to the cascading impacts of drought.
“Investing in healthy land and healthy people means investing in food security, climate resilience, biodiversity, water, jobs, and peace,” said Claude Gascon, GEF Interim CEO and Chairperson.
“Through this new Integrated Program, we will support countries in moving from crisis response toward proactive drought resilience.”
The Drylands and Drought Management Integrated Program has a tentative GEF grant envelope of $140 million.
It will work closely with the Riyadh Global Drought Resilience Partnership, the Drought Resilience Investment Facility, and other initiatives that support resilience across drylands and rangelands.
GEF backs rangelands initiative
As part of the broader push, the GEF is also supporting the Rangelands Flagship Initiative, a multi-partner global initiative led by Mongolia and the UNCCD to significantly increase investments in conserving, sustainably managing and restoring rangelands.
The GEF supports the development and coordination of the initiative through the UNCCD COP17 Legacy Project, a $3.3 million GEF investment implemented by the International Union for Conservation of Nature (IUCN).
The project is leveraging an additional $8 million in co-financing from Mongolia and IUCN.
During the GEF-8 cycle, which runs from 2022 to 2026, the GEF approved 50 projects across its family of funds supporting sustainable rangeland management and restoration, as well as pastoralist livelihoods.
The projects represent a total investment of more than $300 million.
The GEF said the projects, which are at various stages of development, could complement the Rangelands Flagship Initiative and help scale up successful approaches to rangeland management and restoration.
What GEF-9 means for Africa
With an initial programming level of $3.9 billion, GEF-9 will support expanded investments in nature-positive development, drought resilience and sustainable land management.
Four GEF-9 Integrated Programs are strongly aligned with UNCCD objectives and are expected to attract more than $800 million in GEF grant funding.
READ ALSO: COP17 advances $1.3bn for land restoration, puts rangelands at centre
They include programmes focused on Food Systems, Critical Forest Biomes, Blue and Green Islands, and the new Drylands and Drought Management Integrated Program.
Under GEF-9, drought resilience is expected to become more central, targeted and measurable.
The cycle includes a dedicated objective for implementing national drought plans, a drought vulnerability index incorporated into the resource allocation formula for countries, and new indicators to track improvements in drought resilience.
The GEF said GEF-9 would enable investments that help countries address urgent environmental priorities through a whole-of-government and whole-of-society approach.
Across the GEF family of funds, 20 per cent of resources are expected to benefit Indigenous Peoples and local communities directly.
The replenishment also places greater emphasis on mobilising private capital for environmental action. Ten per cent of total GEF-9 funding is allocated to the blended finance window, with an overall target of using 25 per cent of GEF resources to help mobilise private-sector investment
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