Lagos, Nigeria — August 16, 2025 | The Federal Government has instructed all payment gateways operating in Nigeria to begin reporting every transaction processed on their platforms to the Federal Inland Revenue Service (FIRS) in real time, as part of a new compliance monitoring framework under its e-invoicing policy.
The directive, which takes immediate effect, mandates fintech companies, commercial banks, and other payment service providers to integrate their systems with FIRS to enable seamless transaction reporting. Authorities say the move is designed to boost revenue generation, curb tax evasion, and improve transparency in Nigeria’s expanding digital economy.
According to FIRS, the measure will significantly enhance its capacity to monitor taxable activities, especially within the rapidly growing e-commerce and digital payments sectors. The agency clarified that the policy is not aimed at stifling business operations but at ensuring that all eligible transactions are properly documented and assessed for tax obligations.
Industry reactions have been mixed. While some stakeholders have described the policy as a necessary step towards formalising and regulating Nigeria’s digital market in line with global best practices, others have raised concerns over potential increases in operational costs and data privacy implications.
The e-invoicing initiative forms part of the Federal Government’s broader fiscal reforms to expand the tax net, strengthen compliance, and improve efficiency in revenue collection.
