FG unveils new platform to boost tax compliance

Nigeria's Federal Government has introduced Rev360, a new digital tax administration platform designed to significantly boost tax compliance and streamline revenue collection. The launch, held at the Nigeria Revenue Service (NRS) headquarters in Abuja, signifies a major step in the nation's ongoing efforts to modernize its tax system.

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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.

The platform aims to simplify interactions for taxpayers and strengthen the overall efficiency of revenue collection. Senior government officials, development partners, and representatives from professional bodies and business associations attended the unveiling event. Mohammed Danjuma, Permanent Secretary (Special Duties) at the Ministry of Finance, described Rev360 as a pivotal advancement in modernizing Nigeria's revenue administration architecture.

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As Nigeria continues its journey towards greater economic competitiveness and sustainable growth, initiatives such as Rev360 will play an important role in strengthening governance, supporting voluntary compliance, improving transparency, and creating a more enabling environment for business to thrive.

"When tax administration becomes more efficient, compliance becomes easier," stated Taiwo Oyedele, representing the Minister of Finance. He emphasized that efficient tax administration is vital for economic growth, as it fosters voluntary compliance, enhances transparency, and builds investor confidence. Oyedele added that initiatives like Rev360 are essential building blocks for Nigeria's economic reforms, supporting governance, improving fiscal management, and creating a more favorable business environment.

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

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, noted that Rev360 will support the government's agenda to improve the ease of doing business and achieve its ambitious goal of building a $1 trillion economy. Zacch Adedeji, Executive Chairman of the NRS, highlighted the platform as a symbol of the agency's transformation from a traditional revenue collector to a technology-driven organization. "Nigerian Revenue Service is no more an accounting agency. It’s now a technology agency," Adedeji declared, underscoring the agency's commitment to building the future through innovation.

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