The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that the tax reforms initiative of federal government was targeted at putting more money in the pockets of individuals, reduce the cost of doing business, and remove the barriers that make small companies uncompetitive.

Speaking during a recent tax reform webinar organised by Leadway Group, he said the reform means individuals would have more disposable income, and businesses could reinvest in growth rather than being weighed down by multiple taxes.

He further emphasised the government’s focus on fairness and inclusivity saying, “These reforms are not just about raising revenue; they are about creating a simpler, more transparent, and equitable tax system. If we get compliance right, we can unlock growth for businesses, strengthen the economy, and build public trust in the system.”

Also speaking on the new tax reform, Group Head of Tax, Leadway Holdings, Yetunde Fadipe, highlighted Leadway’s role in driving clarity on such pressing issues saying, “At Leadway, we recognise that reforms are only as effective as the understanding of those they affect. Our objective with this session was to break down the complexities of the new tax law and equip businesses and individuals with practical insights they can act on. We believe knowledge is the first step towards compliance and opportunity.”

In his opening remarks during the session, the Managing Director/ Chief Executive Officer of Leadway Pensure, Olusakin Labeodan, reinforced the Leadway group’s leadership in shaping national conversations.

He said as a group, its role extended beyond simply providing financial services.

According to him, Leadway recognised the importance of empowering individuals, businesses, households, and the broader economy to utilise financial tools and policies for creating sustainable livelihoods.