IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v10y2026i3p98-108.html

The Effect of E-Payment on Total Revenue Generation: Evidence from Federal Inland Revenue Service of Nigeria

Author

Listed:
  • Olaoye Clement Olatunji (Ph.D)

    (Department of Accounting, Faculty of Management Sciences, Ekiti State University, Ado Ekiti)

  • Adeyiola Ibiwumi

    (Department of Accounting, Faculty of Management Sciences, Ekiti State University, Ado Ekiti)

Abstract

This study investigates the effect of electronic payment (e-payment) systems on total revenue generation by the Federal Inland Revenue Service (FIRS) in Nigeria. Against the backdrop of ongoing digitalization reforms in public finance, the research addresses gaps in the literature regarding the empirical impact of e-payment adoption on government revenue. Utilizing quarterly data from 2011 to 2022, the study employs descriptive statistics, paired sample t-tests, and regression analysis to compare revenue outcomes before and after the implementation of e-payment platforms. The findings reveal a significant increase in total revenue following the adoption of e-payment systems, with the mean revenue rising by 37.7% in the post-e-payment era. The paired sample t-test confirms the statistical significance of this increase, while regression results indicate that e-payment adoption is a strong and positive predictor of revenue growth, even after controlling for company income tax and non-oil revenue. The study concludes that digitalization, particularly through e-payment systems, has substantially enhanced revenue mobilization, transparency, and compliance in Nigeria’s tax administration. However, challenges such as infrastructural deficits, digital literacy, and taxpayer awareness persist. The paper recommends sustained investment in digital infrastructure, targeted taxpayer education, and robust stakeholder collaboration to maximize the benefits of e-payment systems and support fiscal sustainability in Nigeria.

Suggested Citation

  • Olaoye Clement Olatunji (Ph.D) & Adeyiola Ibiwumi, 2026. "The Effect of E-Payment on Total Revenue Generation: Evidence from Federal Inland Revenue Service of Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 10(3), pages 98-108, March.
    • Handle: RePEc:bcp:journl:v:10:y:2026:i:3:p:98-108
    as

    Download full text from publisher

    File URL: https://rsisinternational.org/journals/ijriss/uploads/vol10-iss3-pg98-108-202603_pdf.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/view/the-effect-of-e-payment-on-total-revenue-generation-evidence-from-federal-inland-revenue-service-of-nigeria/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Clement Olatunji OLAOYE & Oluseyi Olabanji ATILOLA, 2018. "Effect of E-Tax Payment on Revenue Generation in Nigeria," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 4(2), pages 56-65.
    2. Segun Idowu Adeniyi & Babalola Rapheal Adesunloro, 2017. "Electronic Taxation And Tax Evasion In Nigeria: A Study Of Lagos State," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 9(1 (March)), pages 122-129.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Henry Egbezien Inegbedion, 2025. "Acceptance of electronic tax system and the contribution of SMEs to tax revenue through the mediation of tax compliance," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-20, December.
    2. Behrouz Sadeghi Amroabadi & Seyed Amin Mansouri & Mohammad Ali Ahmadi, 2024. "Investigating The Factors Affecting The Income Distribution On The Afghan Economy With Emphasis On Taxes," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 16(2 (July)), pages 312-332.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:10:y:2026:i:3:p:98-108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.