Nigeria Launches Second Wave of B2B E-Invoicing Rollout
In February 2026, the Nigeria Revenue Service (NRS) confirmed the next phase of its phased B2B e-invoicing mandate, expanding the rollout of its E-Invoicing & Electronic Fiscal System (Merchant Buyer Solution – MBS). The system, which began with large taxpayers in November 2025, is being progressively extended to medium and smaller businesses.
Key points from the February announcement:
- Second wave targets medium taxpayers with annual revenues between ₦1 billion and ₦5 billion (₦1 billion ≈ ~€620,000, ₦5 billion ≈ ~€3,100,000)
- Full implementation for this group is scheduled for 1 July 2026, following pilot testing and stakeholder onboarding.
- Compliance enforcement is expected to start in early 2027, after review of pilot results.
- A final phase will cover emerging taxpayers (below ₦1 billion turnover), planned for July 2027 with enforcement into 2028.
The phased rollout is designed to strengthen tax administration, increase transparency, and reduce fraud by bringing more businesses into structured e-invoicing and real-time reporting.
The NRS has emphasized that medium and smaller businesses should prepare early by adopting compatible invoicing systems and ensuring their financial and IT processes are ready for integration with the MBS platform.
This second wave marks a critical step in Nigeria’s journey toward a fully digital, real-time VAT reporting system, aligning the country with regional and global trends in electronic invoicing.