The Managing Director of Commercial Inclusion (Interswitch Inclusio), Mr Muyiwa Asagba, has stressed the importance of businesses adopting the e-invoicing system, saying it will 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 toward a more transparent and digitally enabled economy,” he said at the second Nigeria Revenue Summit (NRS) in Lagos in March 2026.
“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,” Mr Asagba added.
The event, tagged Winning in Nigeria’s New Tax Landscape, brought together business leaders and tax experts, who called for accelerated readiness among Nigerian companies as the country moves closer to implementing the e-invoicing system, describing the shift as both a regulatory requirement and a strategic opportunity for businesses.
The programme, put together by Interswitch, focused on the growing urgency for businesses to move beyond awareness and begin practical implementation, as e-invoicing introduces a shift from periodic reporting to real-time transaction validation and monitoring.
The chairman of the Nigeria Revenue Service (NRS), Mr Zacch Adedeji, represented by the Director for Policy Advisory Group, Mr Sunday Okeowo, emphasised the broader economic significance of Nigeria’s tax reforms.
He noted that the reforms present a critical opportunity to not only enhance revenue generation but also address key socio-economic challenges such as inflation, unemployment, and poverty.
Mr Adedeji described the evolving tax regime as “a bridge to a Nigeria that is a regional, continental and global hub for business and commerce,” adding that effective implementation would deliver shared prosperity for all Nigerians.
At a panel session moderated by the Divisional Head of Tax Management at Interswitch, Ms Titilayo Akinseye, speakers identified integration complexity, internal alignment across departments, and delayed decision-making as key barriers, warning that slow adoption could expose businesses to transaction disruptions, increased audit scrutiny, and inefficiencies in financial reporting.
At the same time, they noted that early adopters stand to benefit from improved transparency, automation, and operational efficiency.