The licenses position the company as an accredited service provider for businesses operating in Nigeria ahead of the mandatory July 1, 2026, e-invoicing deadline for medium taxpayers.

This dual-accreditation allows Duplo to provide a unique end-to-end Compliance-to-Commerce pipeline.

While most providers only offer invoice generation, Duplo’s unified platform allows businesses to generate NRS-standard e-invoices, route them automatically to the tax authorities, and settle those payments instantly within the same ecosystem.

The Nigerian Revenue Service (NRS) estimates over ₦500 billion annually is lost to tax leakage, much of it linked to manual invoicing, under-reporting and poor documentation of transactions.

Nigeria’s new Electronic Fiscal System (EFS) initiative is being introduced specifically to digitise invoice generation and reporting at the point of transaction.

By integrating compliance directly into the payment rail, Duplo is redefining the standard for enterprise financial operations, helping businesses transition from manual, high-risk processes to an automated, digital-first model.

As the NRS transitions to a real-time pre-clearance model, businesses with turnovers above ₦1 billion face strict enforcement.

Non-compliance carries administrative fines of ₦200,000 plus 100% tax surcharges on unreported transactions.

Unlike fragmented solutions that force businesses to toggle between multiple apps for invoicing and banking, Duplo’s new licenses enable a seamless, automated workflow:

Automatic Routing: Businesses can plug existing ERPs (SAP, Oracle, QuickBooks, Microsoft Dynamics) into Duplo to automatically generate and transmit invoices to the NRS in the required UBL/XML formats.

Integrated Settlement: Once an invoice is validated by the NRS, it can be settled and reconciled immediately on the Duplo platform. This eliminates the manual “reconciliation lag” that accounts for the majority of financial discrepancies in Nigerian firms.

Companies like Maersk, Krones, DP World, Baobab, Miva Open University, Eat N’Go, IMG, SMT and more already trust Duplo to automate their payment workflows and maintain full visibility over their financial operations.

Commenting on the licenses, Yele Oyekola, CEO and co-founder of Duplo, said,

“Africa’s next growth phase requires robust financial systems, not temporary patches. By securing both the Systems Integrator and Access Point Provider licenses in Nigeria, we are providing the single operational layer that finally connects payments, invoicing and tax logic. This isn’t just about compliance; it’s about closing the loop. Our dual-license status allows businesses to bridge their existing ERPs directly to the national e-invoicing architecture, ensuring that every transaction is validated by the NRS and settled on our platform in one seamless motion. You don’t scale payment operations by adding headcount – you scale by automating decisions and standardizing the infrastructure of your business.”

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The International Monetary Fund (IMF) has warned that global fragmentation could shave off 7% of the Global Gross Domestic Product.

Noting that although the world is facing complex challenges, addressing them demands cooperation at the global level.

This was detailed in the January edition of the world Economic Forum Report, tagged “The Global Cooperation Barometer 2024INSIGHT REPORT JANUARY 2024”  

The Global Cooperation Barometer 2024 presupposes an approach to measure the current state of global cooperation, which is meant to serve as a tool for leaders to better understand the contours of cooperation broadly and along five pillars – trade and capital flows, innovation and technology, climate and natural capital, health and wellness, and peace and security.

The IMF also predicted that the Economy is in a fragile state and poised to be well below historical average. “Today’s economy is in a fragile state, with growth expected to be well below the historical average. Revitalizing trade will be crucial to strengthening the economic outlook ahead and boosting livelihoods.

Similarly, technological innovation is key to boosting currently sluggish productivity growth, with generative artificial intelligence (AI) holding extraordinary potential – $2.6 trillion to $4.4 trillion. It noted that the “annual value across industries, as estimated by the McKinsey Global Institute, indicate that the only way to unlock this benefit and manage undesirable consequences is through global coordination.

Accordingly, the Climate change also requires governments and businesses to work together to reach net zero, adapting  to shifts in climate already locked in by previous emissions, and do all of this in a way that supports economic development across the globe.

Just like the health of the planet, the health of people requires cooperation globally between governments and businesses.

Long-term advancements in health and immediate responses to acute crises like pandemics require parties around the world to work together.

Yet, in terms of addressing the health and well-being of people and the planet, the world appears off course, with just 15% of the Sustainable Development Goals on track.

Highlighting the benefits of global cooperation in addressing global security, the report underscores   that “the world order appears to be fragmenting. Indeed, the global security landscape – once a largely cooperative domain in the post-Cold War era – is deteriorating, with the United Nations noting at the start of 2023 that the world was witnessing the highest number of violent conflicts since World War II.

After trending positively for much of the past decade, global cooperation risks moving into reverse. The story varies by pillar: – Trade and capital: trade and capital cooperation grew through the pandemic disruption, but slowed in 2023; geopolitical tensions and new restrictions make the future path unclear. Innovation and technology: flows of data, IP and international students powered an increase in cooperation until 2020, but new questions have arisen about how to work together to harness opportunities.

Similarly, the Climate and natural capital the level of cooperation for climate and natural capital has been rising steadily, due in large measure to an increase in commitments, but emissions also continue to rise. Cooperation in health and wellness rose swiftly in response to the pandemic, but appears to be settling back to historical patterns.

The barometer shows that cooperation is multifaceted, and elements of cooperation can coexist with elements of rivalry.

Leaders can practice “coopetition” – balancing cooperation and competition – to advance shared interests in specific areas, despite lack of alignment elsewhere. Further, leaders can use these instances of cooperation to build mutual trust, which in turn could strengthen cooperation in other areas.

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