The Federal Government has commenced the rollout of a national Electronic Fiscal System to modernise Nigeria’s tax administration, curb evasion, and enhance transparency in revenue collection.
The Federal Inland Revenue Service said the EFS, which incorporates an electronic invoicing solution known as the Merchant-Buyer Model, went live on August 1, 2025, after a successful pilot phase that began in November 2024.
The first phase targets large companies with an annual turnover of N5bn and above. The platform is designed to make tax compliance easier, faster, and more transparent for taxpayers, providing the FIRS with real-time visibility into commercial transactions while ensuring the authenticity, accuracy, and completeness of invoices.