Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has called for a lower corporate tax rate and a simplified tariff system to create a more enabling environment for small businesses and investors in Nigeria.Speaking at a public lecture i… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Oyedele urges tax cuts, simpler policies to support small businesses By sbinsights on June 19, 2025 Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has called for a lower corporate tax rate and a simplified tariff system to create a more enabling environment for small businesses and investors in Nigeria. Speaking at a public lecture in Abuja to mark his 50th birthday, Oyedele said Nigeria's current tax system is outdated, overly complex, and discourages business growth—especially for low-income earners and SMEs. He highlighted ongoing reforms that include full income tax exemption for over one-third of workers, higher exemption thresholds for small businesses, and zero-rating of essential goods. Read also Oyedele urges tax cuts, simpler policies to support small businesses Nigeria set to seal 30 new MoUs with Brazil to boost trade, agribusiness FG launches creative hub to drive innovation, trade Obasanjo, Gov Yahaya unveil seed factory to boost farming in Gombe Yobe empowers 1,000 displaced, host farmers with tools, inputs According to Oyedele, policy changes should prioritise reducing taxes on raw materials and inputs, boosting exports, and creating a fair system that supports remote work and digital entrepreneurship. "The government should focus on doing only what the private sector cannot do, and do it efficiently," he said, urging smarter spending, data-driven policies, and a shift away from overregulation. He stressed the need for inclusion, transparency, and a stable naira policy—suggesting that businesses should be allowed to pay taxes in naira even when earning in foreign currencies. Oyedele concluded by encouraging citizens to be informed, ask questions, and constructively engage in nation-building. "Ignorance compounds vulnerability and steals opportunity," he warned.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110

Nigeria is preparing to sign over 30 new Memoranda of Understanding (MoUs) with Brazil as both countries gear up for the second session of the Nigeria-Brazil Strategic Dialogue Mechanism (SDM), scheduled for June 23–25, 2025.The high-level event is ex… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria set to seal 30 new MoUs with Brazil to boost trade, agribusiness By sbinsights on June 19, 2025 Nigeria is preparing to sign over 30 new Memoranda of Understanding (MoUs) with Brazil as both countries gear up for the second session of the Nigeria-Brazil Strategic Dialogue Mechanism (SDM), scheduled for June 23–25, 2025. The high-level event is expected to open fresh investment flows across key sectors including agriculture, energy, defence, digital innovation, and the creative economy — all of which offer opportunities for Nigerian small and medium-sized enterprises (SMEs). Announcing the initiative in Abuja, Deputy Chief of Staff to the President, Ibrahim Hassan-Hadejia, said the SDM aligns with President Tinubu's Renewed Hope Agenda and aims to deepen trade ties between the two regional giants. Vice President of Brazil, Geraldo Alckmin, will lead a top-level business and government delegation to Nigeria. A key highlight will be the Nigeria-Brazil Business Forum on June 23, which will bring together public and private sector leaders representing a combined consumer market of over 400 million people. According to Trade and Investment Minister, Dr Jumoke Oduwole, the forum will launch a Digital Trade Room to support deal-making and collaboration, particularly in fintech, where Brazil's experience in digital inclusion complements Nigeria's vibrant tech space. Read also Nigeria set to seal 30 new MoUs with Brazil to boost trade, agribusiness FG launches creative hub to drive innovation, trade Obasanjo, Gov Yahaya unveil seed factory to boost farming in Gombe Yobe empowers 1,000 displaced, host farmers with tools, inputs Lagos unveils innovation bill to support startups, researchers, grassroots tech The agriculture sector is also central to the dialogue, with the two countries set to advance collaboration on animal genetics, soybean production, and mechanized farming through Nigeria's $4.5 billion Green Imperative Programme. Officials say other MoUs will focus on research, defence, healthcare, and cultural exchange. Creative Economy Minister Hajiya Hannatu Musawa confirmed that the agreements will create new global opportunities for Nigerian creatives, with plans to co-develop Afro-Atlantic tourism and arts projects. With visits planned to states like Lagos, Edo, Plateau, and Kebbi, the federal government says local SMEs, agribusinesses, and state governments will have direct access to potential Brazilian investors during the three-day event. The SDM is coordinated by the Office of the Vice President and is designed as a platform not only for diplomacy but for tangible private-sector growth, job creation, and South-South investment partnerships.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110