DistantNews
Support us
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Ogun traders get briefing on new tax reforms

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Ogun State traders received briefings on new tax reforms during a Tax Awareness Day campaign.
  • The initiative aimed to demystify fiscal updates and reduce anxiety surrounding tax collection among small-scale entrepreneurs.
  • Officials emphasized the reforms' benefits, including structural changes and incentives for micro-businesses.

In Ogun State, traders in grassroots marketplaces received direct briefings on Nigeria's recent tax reforms as part of the 2026 Tax Awareness Day campaign. The Mowe-Arepo District Society of the Chartered Institute of Taxation of Nigeria (CITN), alongside state and Federal revenue officials, led the sensitisation drive in local markets.

The campaign, themed โ€œTax Awareness for National Growth: Reform and Shared Prosperity,โ€ included an advocacy walk through prominent community hubs like Magboro Market. Officials aimed to demystify fiscal updates and bridge the trust gap with the informal sector. Oladele Zaka, Director of Tax Operations for the Ogun State Internal Revenue Service, stressed that the exercise was designed to alleviate historical anxiety surrounding tax collection. "We need to carry them along because they are the people at the grassroots level. Many of them are afraid. Whenever they see tax officers, they get scared, and some quickly lock up their shops. We need to tell them that we are their friends," Zaka stated.

We need to carry them along because they are the people at the grassroots level. Many of them are afraid. Whenever they see tax officers, they get scared, and some quickly lock up their shops. We need to tell them that we are their friends.

โ€” Oladele ZakaThe Director of Tax Operations for Ogun State IRS explained the rationale behind bringing tax awareness directly to market traders.

Rotimi Adebekun, 3rd Chairman of the CITN Mowe-Arepo & District Society, highlighted the event's significance in commemorating the tax bills signed by President Bola Ahmed Tinubu. He explained the campaign's focus on educating the public about ongoing tax reforms, encouraging voluntary payment, and detailing the benefits of paying taxes. A key aspect was explaining structural changes and incentives for micro-businesses, with Tax Manager Funmilola Ogundipe noting that the new policies shift the financial burden away from small-scale earners.

Today is specifically designed to commemorate the signing of the tax bills that were signed last year by President Bola Ahmed Tinubu. We want to create awareness. Most people, especially at the grassroots level, are not familiar with what is really happening.

โ€” Rotimi AdebekunThe CITN Mowe-Arepo & District Society Chairman discussed the purpose of the Tax Awareness Day.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.