Monday, June 29, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home News

CITN, OGIRS Deepen Tax Reform Awareness Campaign Across Ogun Markets

byStephen Abebor
June 29, 2026
in News, Business
0
CITN, OGIRS Deepen Tax Reform Awareness Campaign Across Ogun Markets
3
VIEWS
Share on FacebookShare on Twitter

The Chartered Institute of Taxation of Nigeria (CITN), in partnership with the Ogun State Internal Revenue Service (OGIRS) and federal revenue officials, has intensified efforts to promote Nigeria’s 2026 tax reforms by taking taxpayer education directly to grassroots traders across Ogun State.

The initiative, held under the theme “Tax Awareness for National Growth: Reform and Shared Prosperity,” seeks to improve public understanding of the country’s new fiscal framework, reduce misconceptions about taxation, and strengthen compliance among businesses operating in the informal sector.

The awareness campaign featured an advocacy walk through Magboro, with engagement sessions at Magboro Market, WiseBuyers Supermarket, and the palace of the Olu of Magboro, Oba Ademuyiwa Alalaade. Officials also interacted with traders, market leaders, and community stakeholders to explain how the new tax regime is designed to support economic inclusion while expanding the nation’s revenue base.

Speaking during the exercise, the Director of Tax Operations at OGIRS, Oladele Zaka, acknowledged the longstanding distrust many small business owners have toward tax authorities. He noted that fear and misinformation have historically discouraged voluntary tax compliance, with some traders shutting their businesses whenever tax officials visit.

Zaka said the campaign is aimed at replacing anxiety with education by helping taxpayers understand both their obligations and the protections available under the reformed tax system.

A key highlight of the sensitisation exercise was the clarification that individuals earning below ₦800,000 annually are exempt from paying personal income tax under the new tax law. According to Funmilola Ogundipe, Tax Manager for the National Revenue Service in Ogun State, the reforms are structured around a progressive tax model, ensuring that lower-income earners receive relief while higher-income individuals contribute proportionately more.

She also encouraged traders and small business owners to maintain basic financial records, describing proper bookkeeping as essential for accurate tax assessment and improved business management. Ogundipe further highlighted the convenience of the TaxPro-Max electronic tax platform, which allows taxpayers to register, file returns, and make payments online through a self-assessment process, reducing physical interactions with tax offices.

Chairman of the CITN Mowe-Arepo District Society, Rotimi Adebekun, said the campaign marks one year since President Bola Tinubu signed Nigeria’s landmark tax reform legislation into law. Beyond Magboro, similar outreach programmes, including tax clinics and SME sensitisation sessions, were conducted in Abeokuta, Ota, and Sango as part of a broader nationwide awareness drive.

The initiative underscores the government’s strategy of combining policy reforms with taxpayer education to improve voluntary compliance, expand the formal tax net, and generate sustainable revenue for infrastructure and public services. For businesses, increased awareness of tax obligations and available exemptions is expected to foster greater confidence in the country’s evolving fiscal system while supporting Nigeria’s long-term economic development agenda.

Tags: Bola TinubuCITNFiscal PolicyInformal SectorNigeria Tax SystemOGIRSOgun StateRevenue MobilisationSMEsTax Awareness DayTax ReformTaxPro-Max
Stephen Abebor

Stephen Abebor

Next Post

Nigeria Begins Process for New Eurobond Sale to Raise Funds from Global Investors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria and Brazil Forge Green Alliance at COP30 to Slash Black Carbon Emissions

7 months ago
Saudi Envoy and Dangote Meet to Deepen Economic Partnership

Saudi Envoy and Dangote Meet to Deepen Economic Partnership

2 months ago

Popular News

  • NMDPRA Promises Clearer Regulations to Boost Investment in Nigeria’s Oil and Gas Sector

    0 shares
    Share 0 Tweet 0
  • IPMAN Urges NNPCL to Speed Up Chinese Refinery Partnership to Lower Fuel Prices

    0 shares
    Share 0 Tweet 0
  • Lagos Government Begins Demolition of Illegal Buildings to Reduce Flooding

    0 shares
    Share 0 Tweet 0
  • Odu’a Investment Targets N1tn Assets by 2030 After N23.58bn Profit Surge

    0 shares
    Share 0 Tweet 0
  • Nigeria Begins Process for New Eurobond Sale to Raise Funds from Global Investors

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Domestic Gas Sales Rise 30% as Nigeria’s Energy Reforms Gain Traction
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .