The Federal Government has launched the Revenue Optimization and Assurance Project (REV-OP), a bold initiative aimed at plugging revenue leakages, boosting transparency, and accelerating Nigeria’s economic development.
Speaking at the official unveiling in Abuja on Thursday, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, described REV-OP as a “clean break” from past systems, anchored on digital transformation, efficiency, and accountability.
Director of Information & Public Relations, Mohammed Manga in a statement quoted the Minister to have indicated,
“This is not a rebrand, but a complete overhaul,” Edun declared. “REV-OP marks the beginning of a more secure and accountable financial future for Nigeria.”
The high-level launch session drew key players from across Nigeria’s financial system, including representatives of the Federal Inland Revenue Service (FIRS), Central Bank of Nigeria (CBN), the Office of the Accountant General, and private-sector tech partners.
The project features a robust two-tier governance structure—a Steering Committee and a dedicated Project Management Team—with daily coordination meetings to ensure swift implementation and oversight.
REV-OP is central to President Bola Ahmed Tinubu’s broader economic strategy to grow domestic revenue, eliminate waste, and create a more investor-friendly fiscal landscape.
The Finance Ministry said the initiative is expected to significantly enhance public financial management, improve revenue collection, and foster economic sustainability.