E-Collection stakeholders in Nigeria.

E-Collection is electronic collection of government revenue. E-Collection through Treasury Single Account received new development since inception.

Some of the improvement to e-collection are in line with Central Bank of Nigeria (CBN) circular of 10th December, 2020.


  1. New TSA cost of collections for payer and Ministries, Department and Agencies (MDAs). The charges are grouped into two. (A). Transaction charges borne by the payer.
    i) If the payment are received through Point of Sales (POS), it will attracts N150 plus 0.50 per cent of the amount being paid subject to a maximum of N1, 000 per transaction. ii). If payment are received through other channelled it attracts N150 exclusive of Value Added Tax (VAT)

(B). Transaction charges borne by the MDAs.

(i) They provide the platform for collection.

(ii) They will process all data about the payment and the payer.

(iii) They transmit the data and replicate them

(iv) Fund sweeping.  For this, stakeholder below are to receive from Payment Solution Service Providers (PSSPs) or Deposit Money Banks (DMBs) fund sweeping. This depends on who is playing the collection role for the MDAs. NIBBS is to receives 10% while Office of the Accountant General of the Federation (OAGF) to receives 2.5%.

2. New TSA sharing formula for collection cost received among the various stakeholders as follows:


Collecting Banks——————33%




3. The government link the revenue generating agencies to TSA portal through (PSSPS). PSSPs are companies appointed by government to collect TSA payments from ministries departments and agencies (MDAs).

At at today, payer has to initiate payment from the receiving agencies portal. The way to initiate is to get register or enrolled in the receiving agencies portal.

Some agencies may ask for the following to be done as stated below:Sign up in their portal.

  1. Provide Tax Identification Number (TIN) and certificate

2. Attached company documents like Corporate Affairs Commission (CAC) Certificate

3. Wait for account to be approved by the receiving agencies

Then, payer cab initiate payment from payer personal account in the receiving agencies portal

Payer will automatically transfer to TSA portal from the receiving agencies portal, for instance Remita

4. Payer can only initiate Payment into TSA only when step 3 is being completed.

5. The addition of Etranzact, Interswitch to join SystemSpec (the operator of Remita) to collect government revenue. SystemSpec has acted as a sole PSSPS appointed by government to collect TSA payments from MDAs.

6. The main electronic payment companies involved in TSA increased to four companies. They are Etranzact, Interswitch, SystemSpec and Nigeria Interbank settlement System (NIBSS).

NIBBS ensures that all the relevant stakeholders complies with the framework and also communicate collection codes for remittance to PSSPs.


Ogbonna and Ojeaburu (2015) in their study recommended among others, that the government should strengthen Government Integrated Financial Management Information System (GIFMIS) module. And cover other area of interest in the national budget to achieve economic development. This recommendation is gradually be fulfilled. More need to be done to ensure that all MDAs are well covered and captured in TSA.


Aderinokun,K.Onwuamaeze. D. & Emejo,J.  (2020). CBN Unveils New Pricing Template for TSA Collections. THISDAYLIVE.

Ogbonna, G,N & Ojeaburu, F (2015). The Impact of Government Integrated Financial Management Information System (GIFMIS) on Economic Development of Nigeria. West African Journal of Businessnand Management Sciences, 4(1). 313-336. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3363159.

Ojeaburu Friday
Ojeaburu Friday

Ojeaburu, Friday (ACA, BSc, MSc, PhD) is a seasoned Chartered Accountant with over 14 years accounting experience. He has experience in corporate accounting, financial accounting, financial management, financial audit, public sector accounting, environmental accounting, entrepreneurial accounting, Cv writing, business plan writing, online coaching, research writing etc.

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