Nigeria’s tax system is entering a digital chapter, and DigiTax, a pan-African pan-African e-invoicing and tax compliance service provider, wants to be at the centre of it.Â
Nigeria’s taxman, the Federal Inland Revenue Service (FIRS), has now cleared the platform as an Access Point Provider (APP) and System Integrator (SI) for its e-invoicing system under the newly launched e-invoicing solution, the Merchant Buyer Solution (MBS) platform.
Translation: DigiTax can now connect companies directly to the new government-backed e-invoicing structure.
What exactly is DigiTax? With operating licenses in Kenya and Zambia, DigiTax validates invoices in real-time and keeps them in line with FIRS regulations, while protecting sensitive financial data. The platform already supports over 800 businesses across Africa, helping process invoices worth more than $10 billion. The platform has built a reputation as the compliance partner for companies juggling complex financial systems. And now, it’s bringing that playbook to Nigeria, with Olumide Akinsola leading the charge as the country director.
The resume: With nearly 20 years of experience in growing and scaling tech businesses across Africa, Olumide Akinsola will be steering DigiTax’s Nigerian operations. He is notable for helping build the ticketing platform, QuickBus, up until its acquisition in April 2024.
Why should you care? Tax compliance is no longer optional. By plugging directly into FIRS’ system, DigiTax could cut out manual errors and delays that cost businesses time and revenue. It’s a win-win for both sides of the tax table if this works out as promised.