…as eTranzact leads conversation on e-invoicing with Tax Stakeholders in Abuja
The Nigeria Revenue Service (NRS) has announced that it will commence monitoring to ensure that companies with an annual turnover of N5 billion or more (large taxpayers) comply with the electronic invoicing (e-invoicing) initiative, setting the second quarter of 2026 as the final deadline.
Mohammed Bawa, the Project Manager for the implementation of e-invoicing at the NRS, stated this at the ‘NRS e-invoicing Compliance Workshop and Stakeholder Engagement’ organized by eTranzact, in Abuja on Tuesday.
Launched in August 2025, e-invoicing aims to modernize Nigeria’s tax administration and improve revenue collection. The system, known as the Merchant-Buyer Solution (MBS), officially went live on August 1, 2025, following a successful pilot program that began in November 2024.
Bawa explained that several firms, including eTranzact, have undergone the accreditation process and have been endorsed by the Service to support the implementation. He added that the goal is to make the adoption of e-invoicing easy, seamless, and less burdensome for taxpayers.
Acknowledging the potential challenges taxpayers may encounter, Bawa noted that for the past year, the Agency has been engaging exclusively with large taxpayers to streamline the adoption process. He also disclosed that efforts are ongoing to provide multiple communication channels for taxpayer support, adding that the NRS is fully prepared regarding infrastructure.
“We have acquired additional servers to address connectivity and data storage issues, and we will continue to do so,” Bawa said. “We are launching a simulation portal that will allow taxpayers to simulate the generation and transmission of invoices before they begin full implementation. We also have an engagement portal on our website where you can schedule sessions with us to answer any questions.”
He continued, “Our focus for now is supporting taxpayers on how best and how easily they can comply. That is why we have accredited numerous service providers to assist taxpayers when they face challenges. We strongly advise taxpayers to leverage the expertise of these providers.”
Also speaking at the event, Abubakar Achimugu, Executive Director at eTranzact, said the workshop aims to drive the country’s transition from manual tax administration to a digitized process. He described the e-invoicing platform as both seamless and user-friendly.
According to Achimugu, the platform will also help address the issue of multiple taxation. “In this particular case, as you are inputting and processing the payment, you receive a notification stating exactly what you have paid for, documenting the entire process,” he explained.
He emphasized that the importance of effective tax administration cannot be overstressed, noting that developed nations rely heavily on tax revenue to drive infrastructure. He added that Nigeria’s development is increasingly dependent on the government’s ability to drive internally generated revenue (IGR), of which tax is a primary component.
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“This will have a massive impact on the economy. In many countries, such as the United Kingdom, the economy is sustained by the taxes paid. Our focus now is to ensure that the money generated is applied accordingly,” Achimugu said.
“The current management of the revenue service has evolved a structured, streamlined approach to collecting funds and ensuring they have a legitimate government profile before being distributed to the three tiers of government.
“We have seen significant uplifts in the numbers lately, with more funds entering the Federation Account and reaching sub-nationals. These are major improvements resulting from automation. Because the process is digital, online, and real-time, there is transparency and no room for abuse,” he added.
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