diff --git a/Makefile b/Makefile
index 4be59e4..47117d0 100644
--- a/Makefile
+++ b/Makefile
@@ -1,6 +1,6 @@
 PROJECT_SHORTNAME ?= nfs
 VERSION ?= 0.3.34
-COLLECTION_VERSION ?= 0.3.53
+COLLECTION_VERSION ?= 0.3.54
 OPERATOR_TYPE ?= ansible
 PROJECT_TYPE ?= $(OPERATOR_TYPE)-operator