AXA Mansard Insurance Plc’s General Counsel and Human Resource Director, Omowunmi Mabel Adewusi, has emphasized the importance of adopting structured change-management strategies for Nigerian employers as the country implements a new tax regime. She highlighted that organizations need to do more than just comply with regulations; they must actively manage the internal adjustments necessary to successfully navigate the changing fiscal landscape.
During an “Advocacy Round Table” webinar organized by the Chartered Institute of Personnel Management of Nigeria (CIPM), Adewusi underscored that businesses must deliberately handle the internal changes prompted by the tax reforms to maintain operational stability and promote sustained growth.
The event gathered industry leaders and policy stakeholders to discuss the implications of Nigeria’s evolving tax framework, particularly its impact on the cost of doing business in the country.
Adewusi pointed out that significant policy shifts, such as tax reforms, often introduce operational complexities that demand proactive leadership and meticulous transition planning within organizations.
“There needs to be a serious change-management strategy that every employer must embark upon,” she stated. “The transition to a new tax framework goes beyond regulatory compliance. Organisations must ensure that their internal systems, policies and people are aligned to adapt effectively to the new environment.”
She emphasized that transparent and clear communication would be vital in maintaining organizational stability during this period. Adequate engagement of employees and stakeholders is essential as companies adjust to new regulatory realities.
“Employers need to be more open with communication, more transparent and more understanding as they move towards adopting the new tax act,” she added.
Adewusi also noted that such engagement can help minimize uncertainty among staff and facilitate smoother implementation of the reforms. Despite the challenges associated with the transition, she expressed optimism about the reforms’ long-term potential to boost Nigeria’s economic competitiveness.
She encouraged startups and emerging businesses to view these reforms as an opportunity to strengthen operational structures and develop sustainable enterprises within a more transparent regulatory environment.
According to her, organizations that proactively align their processes and governance frameworks with the new tax environment will be better positioned to succeed in Nigeria’s evolving economic landscape.
Her comments reflect AXA Mansard Insurance Plc’s dedication to contributing expert insights to policy discussions shaping Nigeria’s business environment—especially regarding governance, compliance, and economic reforms. Through such engagements, the company aims to support efforts to build a more transparent, resilient, and investment-friendly economy.
