Federal Gov’t Launches Revenue Optimisation Project

Federal government has launched the Revenue Optimization and Assurance Project (REV-OP) to drive economic growth, improve revenue collection, and enhance transparency in public financial management.

This initiative aims to address revenue leakages, enhance transparency, and drive economic development.

The minister of Finance and coordinating minister of the Economy, Wale Edun unveiled the project, a flagship initiative designed to strengthen Nigeria’s public financial management and revenue systems, when he chaired a high-level session today in his Abuja office, according to a statement that was issued by the spokesman for finance ministry, Mohammed Manga.

The REV-OP initiative introduces a new framework grounded in transparency, efficiency, and digital transformation.

“This is not a rebrand, but a clean break,” the minister stated. He added that the project marks the start of a more secure and accountable financial future for Nigeria.

The session brought together representatives from the Federal Inland Revenue Service (FIRS), the Central Bank of Nigeria (CBN), and the Office of the Accountant General, alongside key private-sector technology partners.

To ensure robust oversight and delivery, a two-tier governance structure has been established, comprising a steering committee and a dedicated project management team, with daily coordination meetings to drive momentum and execution.

That structure is expected to enhance accountability, facilitate effective decision-making, and ensure timely implementation of project objectives.

The REV-OP initiative aligns closely with President Bola Ahmed Tinubu’s economic vision to increase domestic revenue, plug leakages, and build a stable, investor-friendly fiscal environment.