By Henry Uche
For a better understanding and compliance, Leadway Group in partnership with the Presidential Committee on Fiscal Policy and Tax Reforms has engaged individuals and small business operators in a strategic discourse on the recent tax reform laws.
A webinar put together by the group offered valuable insights into these policy changes, highlighting their implications and outlining actionable strategies for compliance.
With the theme: ‘Understanding the New Tax Reforms and Implications’, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele who addressed over 500 individuals and businesses, explained that the reforms would put more money in the pockets of individuals, reduce the cost of doing business, and remove the barriers that make small companies uncompetitive.
Oyedele emphasised government’s focus on fairness and inclusivity, saying that individuals will have more disposable income, while businesses would reinvest in growth rather than being weighed down by multiple taxes.
“These reforms are not just about raising revenue; they are about creating a simpler, more transparent, and equitable tax system. If we get compliance right, we can unlock growth for businesses, strengthen the economy, and build public trust in the system” he assured.
The speakers shared insights on key reforms that directly affect small and medium-sized enterprises, digital businesses, and individuals. More so, the session shared key compliance strategies to promote long-term financial sustainability.
Managing Director and Chief Executive, Leadway Pensure, Olusakin Labeodan, in a remark, reinforced Leadway’s leadership in shaping national conversations, saying, “Our role extends beyond simply providing financial services. We recognise the importance of empowering individuals, businesses, households, and the broader economy to utilise financial tools and policies to create sustainable livelihoods.
“By bringing together platforms like this, we ensure that our stakeholders are not only well-informed but also equipped to succeed in an increasingly complex and dynamic regulatory environment,” he affirmed.
Similarly, the Group Head of Tax, Leadway Holdings, Yetunde Fadipe, highlighted Leadway’s role in driving clarity on such pressing issues: “At Leadway, we recognise that reforms are only as effective as the understanding of those they affect. Our objective with this session was to break down the complexities of the new tax law and equip businesses and individuals with practical insights they can act on. We believe knowledge is the first step towards compliance and opportunity,” Fadipe stressed.
Leadway added that through such initiative, it has demonstrated its commitment to national development by supporting dialogue on policies that affect the economic and financial well-being of Nigerians. This is even as the session emphasised the need to simplify Nigeria’s complex tax environment, broaden the tax base, enhance transparency, and alleviate the burden on compliant taxpayers.
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