Total of 31 ministries, departments and agencies (MDAs) of government have adopted the Revenue Optimisation and Assurance Platform (RevOP) and the Federal Treasury e-Receipt (FTe-R) to improve overall transparency in Federal Government financial operations.

This was disclosed, Tuesday, during a meeting in Abuja between the Minister of Finance and the Coordinating Minister of the Economy of Nigeria, Mr. Taiwo Oyedele, and the Chief Executive Officers of 21 agencies.

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The new Revenue Optimization Platform was approved by the Federal Executive Council (FEC) to eliminate day-to-day financial fraud and to advance the financial transparency initiative of President Bola Ahmed Tinubu’s administration.

The Minister, through the Ministry’s Permanent Secretary, Mr. Muhammed Sanusi, reminded the CEOs that the new revenue monitoring platform was created by the government to comprehensively record its revenue and expenses.

Oyedele added that a total of 31 MDAs had already gone live on the platform.

“21 more agencies are to be captured next, as the government is working assiduously to achieve 100 per cent financial probity before the end of the year.

“We therefore wish to encourage each of you to, without delay, key into this lofty government initiative to boost financial due process on all fronts,” the minister said.

Responding, Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Dr Taiwo Ogunyemi, noted that his agency was on track for full compliance, leveraging its well-structured digital financial system.

“We are encouraged and feel responsible to follow the Rev.OP. It is especially motivating to observe the president taking clear leadership and responsibility for this vital financial monitoring system, which will help push the administration’s Renewed Hope Agenda forward,” Ogunyemi said.