The Federal Inland Revenue Service (FIRS) has officially designated Xpress Payment Solutions Limited as a collecting agent under Nigeria's Treasury Single Account (TSA) framework, marking a significant step in digital tax administration.
Enhanced Tax Payment Channels for Nigerian Businesses
This strategic appointment enables taxpayers using the FIRS TaxPro Max platform to remit various statutory payments through Xpress Payment channels. The available payment options include Company Income Tax, Value Added Tax, Withholding Tax, and other government levies.
Taxpayers can now generate Payment Reference Numbers directly on TaxPro Max and complete transactions either online through XpressPay, the company's digital payment gateway, or physically at any participating bank branch using the e-Cashier platform.
Commitment to Efficiency and Reliability
Wale Olayisade, the Acting Managing Director of Xpress Payment Solutions, expressed honor at the selection, stating that the partnership reflects the company's dedication to providing efficient and technology-driven payment solutions.
"This partnership aligns perfectly with our mission to provide efficient, transparent and technology-driven payment solutions that support Nigeria's economic growth and national development," Olayisade emphasized. "Our systems are built to ensure ease, speed and security for every transaction."
The company has implemented robust infrastructure and comprehensive customer support measures to guarantee a smooth and reliable experience for all taxpayers utilizing their platforms.
Broader Tax Reform Initiatives
Meanwhile, FIRS Chairman Dr Zacch Adedeji has highlighted that the federal government's tax reform initiatives constitute a central component of Nigeria's strategy for achieving long-term economic resilience.
During his recent Distinguished Lecture Series presentation at the University of Ilesa in Osun State last Friday, Adedeji delivered an address titled "Economic Resilience in an Era of Dwindling Revenue."
He suggested that current pressures on public finances should be viewed not as a crisis but as an opportunity to implement comprehensive reforms under President Bola Tinubu's administration.
Adedeji identified several critical pillars for building a resilient economy:
- Fiscal flexibility
- Policy coherence
- Institutional strength
- Human capital adaptability
The FIRS chairman detailed ongoing transformation initiatives within tax administration, including the automation of tax processes, expansion of the TaxPro Max platform, improved taxpayer identification systems, and strategic collaboration with state governments to enhance coordination.
Adedeji also urged Nigerian universities to engage more actively in shaping national economic policy, calling for structured collaboration between academia and government to develop evidence-based models for digital taxation, revenue mobilization, and economic diversification.
These reforms are designed to improve efficiency, transparency, and compliance across Nigeria's economy, positioning the country for sustainable development in an increasingly digital global economy.
