Nigeria’s biggest tax reform turns business invoices into real-time economic data

Nigeria’s biggest tax reform turns business invoices into real-time economic data

For decades, Nigeria’s tax authority relied on companies to report their sales months after transactions had taken place. Now it wants to monitor business activity in real time. 

Through a nationwide e-invoicing system, every qualifying invoice—a commercial invoice that meets all statutory requirements set by a tax authority—will be transmitted digitally to the Nigeria Revenue Service (NRS) as it is issued, marking one of the country’s biggest attempts to modernise tax collection and build a digital economy.

The government is building a national platform that could eventually connect every business, enterprise resource planning (ERP) system and accounting software to a single tax network

It is also a race against time. Large taxpayers are already under compliance monitoring, while medium-sized businesses begin mandatory onboarding in July 2026, with emerging businesses following in 2027 as part of a three-year phased rollout, according to an NRS calendar shared with TechCabal.

Originally published by TechCabal.

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