Fintech Leader eTranzact to Drive Tax Compliance with New E-Invoicing Solutions
Nigeria Revenue Service Taps eTranzact for National E-Invoicing Implementation
eTranzact International Plc, a leading Nigerian financial technology firm, has reaffirmed its commitment to streamlining the adoption of electronic invoicing (e-invoicing) for taxpayers across the federation. Speaking at a Nigeria Revenue Service (NRS) E-Invoicing Compliance Workshop and Stakeholders’ Engagement held in Abuja on Tuesday, February 17, 2026, the company pledged to provide same-day onboarding and 24-hour technical support to facilitate seamless data uploads to the national tax portal.
Driving Digital Tax Administration
The initiative is part of a broader mandate by the Nigeria Revenue Service (NRS) to modernize the country’s tax infrastructure through the Merchant-Buyer Solution (MBS). An e-invoice serves as a digital representation of a commercial transaction, capturing essential details including buyer/supplier identities, item descriptions, and tax breakdowns in a real-time, verifiable format.
Abubakar Achimugu, Executive Director of Government Relations and Special Projects at eTranzact, emphasized that the transition from manual to digital processes is designed to be user-friendly, regardless of a taxpayer's literacy level.
"We at eTranzact have collaborated with the NRS for many years as a major platform for revenue collection. This digital shift will protect the average Nigerian from multiple taxation by providing instant notifications and documented proof of every payment made," Achimugu stated.
Phased Implementation and Stakeholder Support
The NRS has adopted a phased rollout strategy to manage infrastructural challenges and ensure business continuity. According to Mohammed Bawa, Project Manager for E-Invoicing at the NRS, the implementation is structured over a three-year plan:
Large Taxpayers: Engagement and compliance monitoring began in late 2025.
Medium Taxpayers (₦1B – ₦5B turnover): Onboarding and pilot phases are scheduled for the first half of 2026, with full implementation expected by July 2026.
Emerging Taxpayers: To follow in subsequent phases.
Bawa noted that the NRS has accredited service providers like eTranzact to assist taxpayers in overcoming technical hurdles. To further ease the transition, the NRS is launching a simulation portal, allowing businesses to test invoice generation and transmission before mandatory deadlines.
Economic Impact and Efficiency
The shift toward e-invoicing is projected to significantly enhance Nigeria’s internally generated revenue (IGR) by closing loopholes in transaction reporting. Data from previous automation efforts under Tax Administration 2.0 showed that digital systems improved transparency and reduced the room for administrative abuse.
As a certified Access Point Provider (APP), eTranzact offers several integration pathways, including robust APIs for ERP systems (such as SAP and Microsoft Dynamics) and a user-friendly web portal for businesses without complex internal software. This infrastructure is expected to bolster the government’s goal of increasing the tax-to-GDP ratio while reducing the administrative burden on the private sector.
The collaboration between eTranzact and the NRS marks a pivotal step in Nigeria’s journey toward a fully digitized economy. By providing the tools for rapid onboarding and real-time compliance, eTranzact aims to ensure that the transition to e-invoicing becomes a catalyst for operational efficiency rather than a regulatory hurdle. As the July 2026 deadline for medium-scale enterprises approaches, the focus remains on continuous stakeholder engagement and the provision of scalable technical solutions.
