16/04/2026
New Tax Reform: AfriHeritage Conference Highlights Benefits, Responsibilities of Taxpayers
The African Heritage Institution (AfriHeritage) recently brought together key stakeholders for a conference aimed at helping Nigerians better understand the country’s new tax law. The event, themed “Stakeholders’ Sensitization on the New Tax Law in Nigeria,” featured experts, government officials, and business leaders who spoke on what the reforms mean for individuals and businesses.
In his opening remarks, the Executive Chairman of the Enugu State Internal Revenue Service, Emmanuel Ekene Nnamani, urged Nigerians to avoid relying on rumours and instead seek proper information. “There is a lot of misinformation out there. Platforms like this are important so people can understand the law correctly and benefit from it,” he said, while also appreciating taxpayers for their role in supporting development.
Delivering the keynote address, global tax expert Dr. Mark Abani explained that the new tax system is designed to support small businesses while also improving compliance. One of the major highlights is that businesses with annual turnover below ₦100 million will not pay Company Income Tax. He described this as “a major relief that can help small businesses grow and stabilize.”
However, he made it clear that tax exemption does not mean total freedom from responsibility. “Even if you are not paying tax, you must still file your returns. Compliance is key to enjoying these benefits,” he added.
Other speakers also shared practical insights. Business and policy analyst Ijeoma Ezeasor explained that many small businesses fall into micro and nano categories and should take advantage of the reliefs available. “The size of your business is based on your turnover, not the number of staff. Proper documentation will also help businesses access grants and support,” she noted.
Speaking on reforms in Enugu State, Nnamani highlighted efforts to simplify tax payments, especially in the informal sector. According to him, multiple levies in markets have now been merged into a single annual payment. “We have reduced the burden on traders and removed unnecessary harassment. Once you pay, you are covered,” he said.
He also pointed to the introduction of the e-ticketing system, which has improved transparency and boosted revenue. In the transport sector, for example, operators now make a single daily payment that covers all charges.
On enforcement, Chairman of the Chartered Institute of Taxation of Nigeria (CITN) in the region, Chidi Ezema, warned that failure to comply with tax rules could attract penalties. “The law is stricter now. It is better to comply than to face sanctions,” he said, while encouraging taxpayers to use legal channels to resolve disputes when necessary.
Professor Uzochukwu Amakon also addressed concerns about digital tax systems, noting that most Nigerians can adapt. “With the level of smartphone usage today, electronic tax systems are achievable. People just need the right guidance,” he explained.
Participants at the event described the session as enlightening. One attendee, Stephen Odoh, raised questions about how small businesses are defined, showing the need for continued public education.
In response, Dr. Abani clarified that businesses earning below ₦100 million annually qualify as small businesses, regardless of staff strength. He also emphasized the importance of proper registration and record-keeping.
In closing, Nnamani reiterated that the new tax law is designed to be fair and beneficial to citizens. “This reform is for the people. But to enjoy it, we must all do our part by being honest, keeping records, and complying with the law,” he said.
The conference ended with a strong call for more awareness and continuous engagement to help Nigerians fully understand and benefit from the evolving tax system.