Remita: Nigeria’s Innovative Software Solution

Developed 100% in Nigeria by SystemSpecs, an indigenous software firm, Remita is an electronic payment platform that helps individuals, organisations and governments to RECEIVE and MAKE PAYMENTS easily.

Adopted by Central Bank of Nigeria (CBN) as the payment gateway for the facilitation of the Federal Government’s much celebrated Treasury Single Account (TSA) project – the largest and most impactful of its kind in Africa, Remita processes about $6 Billion worth of transactions on a monthly basis and has enabled the Federal Government to mop up more than N3 trillion of government funds that would otherwise have been lying idle in different commercial banks.

Thriving on collaborations with key stakeholders across the payment industry, including all commercial banks, more than 500 microfinance banks, card payment processors and industry regulators, Remita has evolved into a highly preferred platform for electronic payment in the country, with footprints in a number of neighbouring countries, with plans at advanced stages to roll out across the African continent.

Remita is regarded as a remarkable software success story and a pride to Nigeria and Africa at large, and has in fact been voted many times as Nigeria’s Software of the Year.

Awards & Recognitions

The excellent service delivery of the past years has brought numerous awards and recognitions within and outside the country, including:

  • Most Efficient e-Revenue Service at CBN Card Expo Award 2016
  • Software Company of the Year at the National Information Technology Merit Award (NITMA) (2015)
  • Outstanding Achievement in Software Development (2014) and Most Outstanding Software Solution (2014) at the Nigerian ICT Centenary Awards
  • Software Company of the Year (2013) at the Beacon of ICT Awards  (Nigeria Communications Week)
  • Outstanding  Public  Service  Product  of  the  Year (2012) by the Financial Technology Africa Magazine
  • Others – Central Bank of Nigeria’s Public Sector Award of Excellence (2013) for FG MDA awarded to Petroleum Equalization Fund (through the use of Remita)

 – Public Sector Award of Excellence for Local Government (2013) awarded to Kano Local Government (through the use of Remita)

  – Private Sector Award of Excellence for Multinational (2013) awarded to Chevron (through the use Remita)

Owing to Remita’s outstanding performance in the delivery of efficient electronic payments, its developers, SystemSpecs Limited, has received many recognitions, including the Leadership ICT/Telecoms Company of the Year 2015, Leadership in Technology award at the 2016 African Achievement Awards in Scotland, and the ICT Software Personality of the Year 2016 accorded John Obaro, the visionary and CEO of SystemSpecs, at the Beacon of ICT (BoICT) Awards.