Flutterwave Empowers Digital Tax Payments for Nigeria’s Federal Inland Revenue Service
Payments technology company, Flutterwave, has begun enabling digital tax collections for Nigeria’s Federal Inland Revenue Service (FIRS), positioning itself as one of the few fintech companies aiding the government in modernizing tax payment systems.
This collaboration allows the FIRS to utilize Flutterwave’s robust and secure payment infrastructure to collect taxes, levies, and various payments from businesses and individuals nationwide.
Flutterwave’s payment platform streamlines the tax payment process for individuals, small and medium enterprises (SMEs), and large corporations, offering a fast, transparent, and accessible experience.
By integrating with the FIRS, Flutterwave offers a wide range of digital payment options, real-time reporting and tracking features, offline payment capabilities, and a secure system for Nigerians, both within the country and abroad.
Olugbenga ‘GB’ Agboola, CEO of Flutterwave, remarked: “At Flutterwave, we are committed to leveraging technology to enhance efficiency and foster economic growth. By simplifying and increasing transparency in tax payments, we are contributing to the digitization of government collections and supporting national development, in line with our mission.”
This integration brings several key benefits, including real-time payment tracking, various digital and mobile payment options, offline payment capabilities, improved transparency for taxpayers and the FIRS, and an easy way for Nigerians in the diaspora to pay their taxes.
These innovations align with the FIRS’s goal of modernizing government collections and enhancing the user experience.
Olufunmilayo Olaniyi, Senior Vice President of Business Development at Flutterwave, emphasized the company’s focus on supporting Nigerians: “Collaborating with the public sector is essential in shaping the future of digital payments in Nigeria. This partnership highlights our commitment to delivering solutions that better serve Nigerians, build trust, and drive innovation through strategic collaboration.”
With its extensive experience across Africa, Flutterwave continues to play a pivotal role in Nigeria’s public sector digitization efforts. In 2024, Flutterwave also partnered with the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research center, further solidifying its commitment to financial security and innovation.
As a key player in facilitating government tax collections, Flutterwave remains at the forefront of fintech solutions that enhance business operations and foster growth in Nigeria and beyond.
For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Sunmola David & CO (Chartered Accountants & Tax Practitioners) at Lagos, Ogun state Nigeria offices, www.sunmoladavid.com. You can also reach us via WhatsApp at +2348038460036.
