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FG Launches National Electronic Fiscal System to Revolutionize Tax Administration

The Federal Government of Nigeria has officially rolled out the Electronic Fiscal System (EFS), a transformative initiative aimed at modernizing tax administration, curbing tax evasion, and boosting transparency in revenue collection, the Federal Inland Revenue Service (FIRS) announced on Sunday, August 10, 2025. The system, featuring an electronic invoicing platform known as the Merchant-Buyer Model (MBM), went live on August 1 following a succ…
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News Agency of Nigeria broke the news in on Sunday, August 10, 2025.
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