Echotitbits – Nigeria News

Tag: Tech Innovation

  • Revenue Service Pushes E-Invoicing as New System Integrators Get Accreditation

    Revenue Service Pushes E-Invoicing as New System Integrators Get Accreditation

    A report from The Punch indicates the National Revenue Service (NRS) has accredited new system integration partners to support automated e-invoicing, a move aimed at improving compliance and reducing leakages.

    The initiative is designed to let businesses connect accounting systems to national tax infrastructure, enabling real-time transaction data and more accurate VAT assessments.

    SMEs are being encouraged to adopt compliant solutions early to avoid penalties once enforcement tightens.

    **Echotitbits take:** E-invoicing can cut fraud and boost transparency, but adoption will be toughest for small businesses. Watch for a grace period, incentives, and clear onboarding support so compliance doesn’t become another cost shock.
    Source : The Punch — https://punchng.com/nrs-boosts-e-invoicing-compliance-with-pillarcraft-accreditation/ 2026-01-08

    Photo Credit: The Punch

  • FG Announces National AI Centre of Excellence to Drive Homegrown Innovation

    FG Announces National AI Centre of Excellence to Drive Homegrown Innovation

    In a dispatch by Premium Times, the Federal Ministry of Communications, Innovation and Digital Economy announced plans to establish Nigeria’s first National Artificial Intelligence (AI) Centre of Excellence.

    The centre is expected to support research and practical AI applications in areas such as agriculture, healthcare and education, with a collaborative model involving academia and the private sector.

    Officials also spoke about funding support for startups building solutions tailored to Nigeria’s local needs, including language and productivity tools.

    **Echotitbits take:** This could be transformative—but only if the basics (power, connectivity, and stable funding) are handled. Watch for where the centre will be hosted, how grants are administered, and whether talent pipelines are built beyond Abuja and Lagos.
    Source: The Punch — https://punchng.com/fg-to-establish-ai-centre-at-unijos/ 2026-01-08

    Photo Credit: The Punch