ADO EKITI, NIGERIA. August 8, 2019: The Ekiti State Government has adopted Remita, a leading electronic payment platform in Africa, as the Internal Generated Revenue (IGR) collections for collection of funds due to its Ministries, Departments and Agencies (MDAs), for both formal and informal sectors.
This announcement was made recently as part of Ekiti State Government’s deepening of the implementation of the state’s Treasury Single Account initiative.
Powered by SystemSpecs, the financial technology and human capital software powerhouse and owners of Remita, the project covers 70 MDAs and institutions in Ekiti State.
The Remita platform will enable payers to seamlessly make payments to Ekiti State MDAs and institutions, using any of the Remita channels (State-wide Payment Points, Bank Branches (commercial and microfinance), Debit/Credit Cards, Internet Banking, PoS, Mobile Wallet and USSD) that is most convenient for them.
The State is able to issue invoices for every transaction; each transaction is traceable from the point of invoicing through the payment journey and into the State’s bank statement. Each MDA is able to verify transactions receipts independently and securely before delivery service. The state also has access to real-time balances of its accounts at any point in time.
“As part of our commitment to transform the lives of the good people of Ekiti state, we have commenced the accelerated implementation of the Treasury Single Account to entrench accountability and transparency in the management of the finances of our dear state, said Mr. Dapo Kolawole, Ekiti State Commissioner for Finance.
“We have appointed SystemSpecs, the same firm that delivered the Federal Government of Nigerias TSA project to deploy its Remita platform for Ekiti State. We are not only delighted that individual and corporate citizens have more options with which to pay, but also that government can also more easily know its true financial position at any time.”
This development would also enable the state to participate in the 2018 Sustainable Development Goals (SDG) conditional grants scheme initiated by the Federal Government.
“We are delighted to partner with Ekiti State in bringing efficiency, transparency and increase to the state’s revenue collections. We appreciate the opportunity to bring our experience and technology to the table in support of the state’s drive to reposition its finances for accelerated economic development. SystemSpecs has done same with the Federal Government and other states in Nigeria, and we are starting to the same in other African countries, said Demola Igbalajobi, Divisional Head, Remita Payment Gateway and Infrastructure, SystemSpecs.
Launched in 2005, Remita is a leading financial technology solution that has been tested and trusted by individuals, businesses of all sizes including conglomerates, and governments at all levels, in and outside Nigeria for the management of their payments, billing, collection and payroll management systems that deliver exceptional Real-Time Transaction Tracking and Reporting across multiple platforms.