eTranzact Accelerates E-Invoicing Rollout with Same-Day Onboarding
eTranzact has reaffirmed its commitment to facilitating same-day onboarding and seamless e-invoicing uploads as Nigeria advances its digital tax administration agenda.
Speaking at the Nigeria Revenue Service (NRS) E-Invoicing Compliance Workshop and Stakeholders’ Engagement in Abuja, Mr. Abubakar Achimugu, Executive Director of eTranzact, emphasised the company’s readiness to simplify compliance for taxpayers through accredited digital solutions.
E-invoicing — a digital representation of a transaction between a supplier and a buyer — captures essential transaction details including supplier and buyer information, item descriptions, quantities, pricing, tax components, and total payable amounts.
According to Achimugu, the NRS is implementing e-invoicing in phases as part of broader efforts to modernise tax administration and enhance transparency across Nigeria’s fiscal system.
“We have collaborated with the NRS for many years. We remain a major platform supporting revenue collection, particularly VAT, through secure and seamless systems,” Achimugu said.
He explained that the transition from manual to digital invoicing would reduce friction in compliance processes while protecting taxpayers from risks such as duplicate or undocumented payments.
“E-invoicing is user-friendly and accessible, regardless of literacy level. As taxpayers process transactions, they receive real-time confirmation and documentation, helping prevent multiple taxation,” he added.
Achimugu further assured stakeholders that eTranzact provides 24-hour support and same-day onboarding to ensure effortless uploads to the NRS portal.
Phased Implementation to Ease Adoption
Addressing concerns about infrastructural readiness, Mr. Mohammed Bawa, Project Manager for E-Invoicing at the NRS, said the rollout has been structured into three phases: large taxpayers, medium taxpayers, and emerging businesses.
“From the beginning, we recognised there would be challenges. That is why implementation is phased. Over the past year, we have focused engagement efforts on large taxpayers to ease transition,” Bawa said.
He noted that multiple accredited service providers — including eTranzact — have been endorsed to assist taxpayers throughout implementation.
“These providers have undergone accreditation and demonstrated capacity. They are best positioned to support taxpayers and ensure smooth adoption,” he added.
Bawa also disclosed that the NRS is developing a simulation portal that will allow taxpayers to test invoice generation processes before full implementation, alongside engagement portals for direct consultations.
He affirmed that the agency would continue nationwide sensitisation efforts to promote awareness and voluntary compliance.
Implications for Tax Administration Efficiency
The shift to e-invoicing represents more than a technological upgrade; it marks a structural reform in Nigeria’s tax ecosystem.
- Enhanced Transparency and Audit Trail
Digital invoicing creates verifiable transaction records in real time, reducing opportunities for under-reporting and tax evasion. - Reduced Revenue Leakage
Automated documentation and system integration strengthen VAT collection efficiency and improve reconciliation processes. - Faster Compliance Cycles
Same-day onboarding and API-driven integration reduce compliance bottlenecks for businesses, particularly SMEs. - Data-Driven Policy Intelligence
Digitised invoice data can provide valuable insights into sectoral performance, consumption trends, and economic activity — enabling smarter fiscal planning. - Lower Compliance Costs Over Time
While initial transition costs may exist, long-term efficiencies reduce paperwork, manual audits, and administrative redundancies.
If effectively implemented, e-invoicing could become one of the most consequential tax modernisation reforms in Nigeria’s post-oil fiscal restructuring.
BRANDECONOMY Insight
Nigeria’s tax-to-GDP ratio remains among the lowest in emerging markets — not necessarily because rates are low, but because compliance infrastructure has historically been weak.
E-invoicing, if executed with discipline and ecosystem alignment, could become a structural game-changer.
However, three conditions will determine success:
- System reliability and uptime
- Strong enforcement without overburdening SMEs
- Interoperability between fintech platforms and tax authorities
The collaboration between NRS and accredited fintech providers like eTranzact signals a shift toward public-private digital governance.
The deeper opportunity lies in transforming compliance from a punitive obligation into a seamless, embedded financial process.
When tax administration becomes frictionless, voluntary compliance rises. When compliance rises, fiscal stability improves. And when fiscal stability improves, sovereign risk declines.
This is not merely a payments story — it is a state-capacity story.









