National Economy
Wednesday, October 22, 2025
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

FIRS Launches e-Invoicing Platform, 1,000 Firms Onboard Early

by Micheal Ijeh
August 11, 2025
in News
FIRS

The Federal Inland Revenue Service (FIRS) has begun onboarding large corporations onto its new electronic invoicing (e-Invoicing) platform, with more than 1,000 companies—about 20 per cent of eligible firms—already integrating into the system less than two weeks after its August 1 launch.

Executive chairman Dr. Zacch Adedeji said the platform, developed as part of the government’s Electronic Fiscal System (EFS), is designed to enhance tax transparency, curb evasion, and modernize Nigeria’s fiscal infrastructure.
Speaking in Abuja through his special adviser on media, Dare Adekanmbi, Adedeji explained that the rollout follows a pilot phase that began in November 2024 and is starting with companies whose annual turnover exceeds ₦5 billion.

“In less than two weeks of the initiative going live, no fewer than 1,000 companies, representing 20 per cent of over 5,000 eligible firms, have so far embraced the solution and commenced integration with the FIRS MBS platform,” Adedeji said.

Telecoms giant MTN Nigeria became the first company to transmit live electronic invoices to FIRS. Other multinationals, including Huawei Nigeria and IHS Nigeria, have completed test transmissions and are expected to go live soon.

To accelerate adoption, FIRS has partnered with the National Information Technology Development Agency (NITDA) to bring in service providers as System Integrators and Access Point Providers to handle onboarding, integration, and invoice transmission for taxpayers.

YOU MAY ALSO LIKE

BPP Warns Procurement Officers Against Sabotaging Reform Efforts

Protest Over Nnamdi Kanu’s Detention Grounds Abuja

Acknowledging operational challenges faced by some companies, Adedeji announced a 3-month deadline extension to November 1, 2025. “In the spirit of encouraging voluntary compliance, the FIRS management has graciously approved a three-month extension of the deadline,” he said.

Tags: FIRS
ShareTweetShare

OTHER GOOD READS

BPP Warns Procurement Officers Against Sabotaging Reform Efforts
News

BPP Warns Procurement Officers Against Sabotaging Reform Efforts

2 days ago
Protest Over Nnamdi Kanu’s Detention Grounds Abuja
Business

Protest Over Nnamdi Kanu’s Detention Grounds Abuja

2 days ago
Nigeria, Ghana Lead West Africa’s Oil Sector’s Growth
News

Nigeria, Ghana Lead West Africa’s Oil Sector’s Growth

2 days ago
Next Post
Unregistered Digital Investment Platforms Face 10-yr Jail Term, SEC Cracks Down Amid Outrage Over CBEX Cras

SEC Projects $10trn Digital Asset Boom In Africa, Mideast By 2030

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved