Nigeria Pushes for E-Invoicing Adoption in Tax Reform

The Nigerian government is advocating for the accelerated adoption of e-invoicing among businesses as part of a comprehensive overhaul of the country's tax administration system. This initiative aims to enhance compliance and modernize revenue collection.

The appeal was made during the Nigeria Revenue Summit held in Lagos, organized by Interswitch Group, under the theme "Winning in Nigeria's New Tax Landscape." Dr. Zacch Adedeji, Executive Chairman of the Nigeria Revenue Service, emphasized that transitioning to e-invoicing is a central pillar of the broader tax reform intended to strengthen compliance and support long-term economic growth.

The implementation of the e-invoicing system will occur in phases based on company size, with large firms (annual turnover above N5 billion) required to comply by November 2025, medium-sized companies by July 1, 2026, and smaller businesses by July 1, 2027. The reform is designed not only to expand government revenue but also to address wider socio-economic challenges, including inflation and unemployment.