e-invoicing: Experts Harp on Compliance, Growth among Nigerian Companies

Emma Okonji

Business leaders and tax experts have stressed the need for compliance and growth among Nigerian companies as the country moves closer to the implementation of e-invoicing system.

The experts called for accelerated readiness among Nigerian companies, describing the shift as both regulatory requirement and strategic opportunity for businesses.

The call was made during the second edition of the Nigeria Revenue Summit (NRS) in Lagos, organised by Interswitch Group, themed: ‘Winning in Nigeria’s New Tax Landscape’.  

Speaking, the Managing Director, Commercial Inclusion (Interswitch Inclusio), Muyiwa Asagba, said the transition to the e-invoicing system would mark a defining moment in Nigeria’s economic and digital transformation journey.

“The introduction of the e-invoicing system represents a pivotal moment in Nigeria’s journey towards a more transparent and digitally enabled economy.  At Interswitch, we see this not just as a compliance requirement, but as an opportunity for businesses to strengthen their operational efficiency and build resilience. Our focus is on providing the infrastructure and support that allow organisations to integrate seamlessly, comply confidently, and ultimately unlock greater value from their systems,” Asagba said.

In his opening address, Chief Financial Officer, Interswitch, Chinomnso Nwachukwu, spoke on ‘Redefining Finance in a Real-Time, Data-Driven Economy’, highlighting the growing importance of agility, data integration, and real-time financial visibility in helping organisations navigate regulatory changes and drive strategic decision-making.

In the keynote address, Executive Chairman, Nigeria Revenue Service, Dr. Zacch Adedeji, who was represented by the Group Director, Policy Advisory Group, Sunday Okeowo, emphasised the broader economic significance of Nigeria’s tax reforms.

He noted that the reforms presented a critical opportunity to not only enhance revenue generation but also address key socio-economic challenges such as inflation, unemployment, and poverty.