The company has launched a platform that will revolutionize tax collection and the fight against tax evasion in Nigeria

In an attempt to address tax leakage and evasion issues in Nigeria, Osvan Services has launched an e-commerce fintech platform to improve the tax collection system.

Avanrenren Osamede Leonard, Chief Executive Officer (CEO) of OSVAN Services, said the platform aims to leverage cutting-edge technology to streamline the tax collection process, minimize corruption and boost the country’s economy.

Addressing a press conference in Abuja on Friday, the Director-General stressed the critical need to modernize tax collection methods in Nigeria to minimize the widespread fund leakages and lack of accurate data plaguing the current system, leading to significant revenue losses for government agencies.

“Our platform will solve three key problems. First, it will address outdated technology and data collection methods that have contributed to widespread corruption and inefficiency. Secondly, it aims to alleviate the burden of high taxes on citizens by ensuring fair and transparent tax collection practices. Third, it aims to combat tax evasion by implementing robust data collection and security measures.

Leonard added that the key functionality of the platform is a comprehensive database that will store the most important information about taxpayers and their obligations. According to him, by using advanced technology, including cybersecurity protocols to thwart cyber attacks, the platform aims to protect sensitive data and ensure the integrity of the tax collection process.

He further stressed that the platform will support all levels of government in Nigeria, from federal to local, and will also facilitate collaboration with commercial entities. “We will leverage existing government databases, integrating our technology to increase efficiency and accuracy.

“In Nigeria, it is time to apply modern solutions to age-old challenges. Our platform represents a significant step forward in transforming tax collection and strengthening economic growth in the country.” he said