Interswitch Concludes National Revenue Summit with Call for Advanced E-Invoicing and Digital Tax Systems

Interswitch concludes the Nigeria Revenue Summit in Abuja, promoting e-invoicing and digital automation to boost tax compliance and reduce revenue leakages.

By: AXL Media

Published: Apr 7, 2026, 3:40 AM EDT

Source: Information for this report was sourced from Leadership

Strategic Transformation of Public Sector Revenue Systems

The Abuja edition of the Nigeria Revenue Summit has concluded, marking the end of a high level engagement series initiated by Interswitch to overhaul national collection frameworks. By gathering stakeholders from regulatory agencies and the private sector, the summit aimed to establish a roadmap for digital transformation in the public sector. Participants emphasized that the transition to technology driven efficiency is no longer optional but a necessity for strengthening compliance and ensuring the long term stability of federal and state revenue streams.

Finance Functions as Strategic Drivers of Economic Performance

During the sessions, Chinomso Nwachukwu, Chief Financial Officer (Nigeria) at Interswitch, observed that modern finance roles are expanding beyond traditional bookkeeping into strategic leadership. In a data driven economy, these functions are now expected to drive overall organizational performance through precision and transparency. Nwachukwu identified e-invoicing as a primary initiative within this shift, noting its potential to provide a clear audit trail and significantly reduce the leakages that have historically plagued manual revenue administration.

Aligning National Tax Policy with Global Digitization Trends

The Nigeria Revenue Service has signaled a firm commitment to tax digitization to remain competitive and efficient on a global scale. Mohammed Bawa, Project Manager for E-Invoicing at the agency, described the adoption of electronic systems as a major step toward improving country wide compliance. By moving toward a digital infrastructure, the service aims to simplify the requirements for businesses while providing the government with real time insights into economic activity, thereby fostering a more accountable fiscal environment.