AMEC on New Tax Act: Founders Seek Compliance Clarity

By Salami Adeyinka

As Nigeria implements new tax reforms and tightens regulatory enforcement, founders and business owners are increasingly seeking clarity on how policy changes affect their operations.

This was the focus of the Exclusive Founders & Entrepreneurs Meetup, hosted by African Market Entry Consulting Limited on January 29 at the Radisson Blu Anchorage Hotel, Victoria Island, Lagos.

The event brought together entrepreneurs, professionals, and compliance experts to examine the implications of the New Tax Act and broader regulatory expectations for businesses in 2026.

In his opening remarks, Ayokunle Bankole, Managing Director of African Market Entry Consulting Limited, described the current business climate as one that requires proactive compliance rather than reactive restructuring.

The keynote address by Abiola Laseinde, CEO of Edniesal Consulting, explored regulatory uncertainty and governance risks, urging founders to view compliance as a strategic necessity rather than an administrative obligation.

A detailed technical session led by Polycarp Nwosu, Head of Tax and Audit at the firm, examined changes introduced by the new tax framework, including filing obligations, enforcement mechanisms, and the risks of non-compliance for small and medium-sized enterprises.

The event also featured discussions on business positioning, banking readiness, and financial discipline, culminating in a panel session with representatives from the legal, agricultural, and banking sectors.

Participants noted that the forum provided practical insights at a time when many businesses are reassessing their structures in response to Nigeria’s evolving fiscal and regulatory environment.