Tax Reforms Drive Digital Shift as Firms Cut Compliance Risk with 99.7% E-Invoicing Adoption
With the January 1, 2026, commencement of Nigeria’s new tax reforms drawing closer, businesses across the country are accelerating their transition to e-invoicing to reduce compliance risks and avoid potential penalties.
Data from Afri Invoice shows a sharp uptick in onboarding, as companies rush to digitalise invoicing systems ahead of the Federal Inland Revenue Service (FIRS) reforms. The shift is expected to reshape how transactions are recorded, monitored and taxed, with implications for operating costs, transparency and long-term business efficiency.
Afri Invoice, a Nigerian software-as-a-service platform focused on digital invoicing, tax compliance and payment tracking, said it is offering incentives to early adopters to ease the transition and help businesses safeguard margins as the new regime takes effect.
The founder and chief executive officer of Afri Invoice, Mark Odenore, said the reforms represent a critical turning point for Nigerian businesses.
According to him, early adoption of digital invoicing could help firms minimise compliance costs and improve cash flow management.
“As the new tax laws take effect, many Nigerian businesses will need to adapt their invoicing processes. At this critical juncture, we are offering incentives to businesses that start their digital invoicing journey early,” Odenore said, noting that manual invoicing exposes firms to errors, delays and regulatory sanctions.
He added that the platform is already delivering measurable value, with Afri Invoice recording a 99.7 per cent compliance rate and a 100 per cent penalty-free record for users. Every invoice is validated before transmission through QR code authentication, complete audit trails and automatic data synchronisation, ensuring alignment with all FIRS technical requirements.
Odenore said the platform’s growing adoption reflects its impact on business performance, as companies automate invoicing, track payments more efficiently and remain compliant with evolving tax laws.
He noted that digital tools help businesses reduce errors, avoid fines, improve transparency and strengthen cash flow, outcomes that are increasingly important as operating costs rise.
Afri Invoice is built around three core pillars tailored to Nigerian business realities: professional and secure operations, mobile-first design and comprehensive business management. By eliminating the average audit penalties associated with non-compliance, the platform positions businesses to protect earnings and support sustainable growth under the new tax framework.
As the reform deadline approaches, analysts expect digital compliance solutions to gain further traction, with early adopters likely to benefit from lower regulatory risk and improved operational efficiency in the post-reform environment.
