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FIRS okays eTranzact for e-invoicing rollout - The Nation Newspaper


FIRS okays eTranzact for e-invoicing rollout - The Nation Newspaper

Federal Inland Revenue Service (FIRS) has approved eTranzact International Plc as a certified provider for its e-invoicing rollout, expanding a collaboration that began with VAT automation under Tax Administration 2.0.

The FIRS e-invoicing platform, Merchant Buyer Solution, introduces structured digital invoices in business to business, business-to-consumer and business-to-government transactions by simplifying tax processes, enhancing compliance, and boosting transparency.

Mike Adoga, acting director of Tax Automation at FIRS, said the certified providers met the requirements, including nationwide service capacity, security, neutrality and scalability, with technical input from National Information Technology Development Agency (NITDA).

Tayo Koleoso, chief of staff to the executive chair of FIRS, said the providers were selected based on their ability to deliver at scale. "NITDA's role was critical in tightening data protection and cybersecurity on the platform, giving taxpayers confidence that their information is safe and the process is transparent," he noted.

Niyi Toluwalope, managing director and chief executive officer of eTranzact, described e-invoicing as a platform for innovation in business-government interaction. "This recognition by affirms our vision to be the preferred integrated financial technology platform for merchants and consumers. For us, e-invoicing is more than compliance. It is opportunity to transform the way businesses interact with government, creating transparency, efficiency and value."

This certification builds on the firm's record of supporting national tax automation. In 2017, under Tax Administration 2.0, the company partnered FIRS and banks to deploy an API system for secure VAT and WHT reporting through TaxPro Max. That infrastructure established a standard for digital transparency in tax reporting and laid foundation for Tax Administration 3.0.

In addition to tax solutions, eTranzact delivers technology that addresses other government and institutional needs. In 2024, it deployed a verification system for Military Pensions Board, enabling pensioners to authenticate their identities seamlessly.

Since 2003, it has provided secure and scalable payment infrastructure for industries, licensed by Central Bank of Nigeria for Switching and Processing as well as Mobile Money Operations.

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