The Federal Inland Revenue Service (FIRS) has officially approved eTranzact International Plc as a certified partner for the nationwide deployment of its new e-invoicing platform, known as the Merchant Buyer Solution (MBS).

This development marks a significant step in the Federal Government’s ongoing efforts to digitise tax administration. Building on the earlier Tax Administration 2.0 initiative—which saw the introduction of automated VAT collection via secure API integration with banks—this new platform is set to standardise e-invoicing across all transaction types: B2B, B2C, and B2G.

According to FIRS Acting Director of Tax Automation, Mike Adoga, the selection process was conducted in collaboration with the National Information Technology Development Agency (NITDA) to ensure that only providers with proven capacity and infrastructure were approved.

Tayo Koleoso, Chief of Staff to the Executive Chairman of FIRS, noted that the approved service providers were carefully evaluated for their ability to deliver secure, scalable solutions. He emphasised NITDA’s critical role in enhancing data protection and cybersecurity measures to assure taxpayers of a safe and transparent process.

Niyi Toluwalope, Managing Director/CEO of eTranzact, welcomed the endorsement, stating that e-invoicing represents a major opportunity to modernise business-to-government interactions. He highlighted that beyond compliance, the platform aims to promote transparency, operational efficiency, and added value for all parties involved.

For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Inner Konsult Ltd at www.innerkonsult.com at Lagos, Ogun state Nigeria offices. You can also reach us via WhatsApp at +2348038460036.