As Nigeria prepares to implement a new tax framework, AXA Mansard Insurance has advised employers to adopt structured change management strategies to successfully navigate the transition.
The recommendation was made by Omowunmi Adewusi, General Counsel and Human Resources Director at AXA Mansard, during a webinar organised by the Chartered Institute of Personnel Management of Nigeria in Lagos on Thursday.
The virtual session brought together industry leaders and policy stakeholders to discuss the implications of the evolving tax regime on businesses, particularly its potential impact on operational costs across Nigeria.
Speaking at the event, Adewusi noted that organisations must go beyond basic regulatory compliance to effectively adapt to the changing fiscal environment. According to her, companies should adopt deliberate strategies to manage internal adjustments required by the new tax policies in order to maintain operational stability and sustain long-term growth.
She explained that significant policy changes—such as tax reforms—often introduce operational complexities that require proactive leadership and well-structured transition plans.
Adewusi also stressed the importance of clear and transparent communication within organisations during the transition. She said engaging employees and other stakeholders would help reduce uncertainty and ensure smoother implementation of the new tax regulations.
Despite the adjustment challenges businesses may face, Adewusi expressed confidence in the long-term benefits of the reforms. She described the emerging tax framework as a potential driver for strengthening Nigeria’s economic competitiveness.
She further encouraged startups and emerging enterprises to view the reforms as an opportunity to reinforce their operational systems and build sustainable businesses within a more transparent regulatory environment.
According to her, companies that proactively align their internal processes and governance structures with the new tax regime will be better positioned to succeed in Nigeria’s evolving economic landscape.
Adewusi added that AXA Mansard’s participation in such policy discussions reflects the company’s commitment to supporting reforms that promote good governance, regulatory compliance, and a more resilient and investment-friendly business environment in Nigeria.
(NAN)
