FG unveils digital platform to boost tax compliance

Nigeria's Federal Government has introduced Rev360, a new digital tax administration platform designed to significantly improve tax compliance and streamline revenue collection. Launched in Abuja, the platform is a key component of the nation's ongoing efforts to modernize its tax system and enhance efficiency in public sector operations.

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When tax administration becomes more efficient, compliance becomes easier. When compliance becomes easier, businesses can focus more on growth and productivity.

During the launch event, Mohammed Danjuma, Permanent Secretary (Special Duties) at the Ministry of Finance, described Rev360 as a pivotal step in modernizing Nigeria's revenue administration. He emphasized that efficient tax administration is fundamental to economic growth, fostering voluntary compliance, increasing transparency, and boosting investor confidence. Danjuma noted that simplifying tax processes allows businesses to concentrate more on growth and productivity, aligning with the government's economic reform agenda.

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The Tinubu administration is committed to seeing this economy well above $1tn, and these are the building blocks.

Dr. Jumoke Oduwole, Minister of Industry, Trade and Investment, highlighted Rev360's role in supporting the government's ambition to improve the ease of doing business and achieve a $1 trillion economy. She commended the Nigeria Revenue Service (NRS) for embracing technology and responding to stakeholder concerns. The Executive Chairman of the NRS, Dr. Zacch Adedeji, declared that the agency is transforming from a traditional revenue collector into a technology-driven organization, stating, "Nigerian Revenue Service is no more an accounting agency. It’s now a technology agency."

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Nigerian Revenue Service is no more an accounting agency. It’s now a technology agency.