Reporting by The Guardian indicates that the Federal Inland Revenue Service (FIRS) has detailed an aggressive structural overhaul aimed at integrating informal sector businesses into the national tax grid. The apex revenue agency expects the ongoing digitalization of tax compliance architectures to expand the non-oil revenue baseline by over 25 percent, mitigating federal budget deficit dependencies on central banking advances.
The tax body confirmed that newly deployed automated auditing protocols will closely monitor corporate transactional values and value-added tax filings in real-time. This structural transition is part of an ongoing collaborative project between fiscal policymakers and digital financial institutions to track micro-transactions.
Policymakers argue that stabilizing domestic debt burdens requires aggressive tax-to-GDP expansion, which currently sits significantly lower than regional economic averages.
Cross-verification by *ThisDay* confirms that “the FIRS framework is designed to optimize domestic resource mobilization without introducing punitive tax brackets on small enterprises.” Furthermore, *The Punch* stated that “market analysts remain optimistic that digitized revenue capturing will substantially minimize historical systemic collection leakages across the federation.”
**Echotitbits take:** Diversifying Nigeria’s revenue away from oil proceeds is a long-overdue priority, but enforcement in an economically stressed informal sector risks major pushback. The real test will be whether the FIRS can target high-net-worth informal entities without stifling the survivalist retail operators that form the bedrock of local market distribution networks.
Source: The Punch – https://punchng.com/fg-unveils-new-platform-to-boost-tax-compliance/, June 12, 2026
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