Nigeria’s tax system is moving faster than many of the businesses expected to comply with it.
From TaxPro Max to electronic invoicing through the Merchant Buyer Solution (MBS) and now Rev360, tax administration is becoming increasingly digital and automated, designed to capture transactions in real time, reduce leakages, and improve revenue collection.
But for many small business owners, especially at the lower end of the market, tax compliance still begins with a notebook.
At a tyre-care business in Lagos, Avosegamu Nugboyun, operations manager, says the company only recently began keeping some records digitally, such as sales, customer details, and stock, after years of doing everything manually.
“We used manual from day one,” he said.
