CIoDN Urges Nigerian Businesses to Prioritize Tax Compliance for Transparency and Governance
The Charter Institute of Directors Nigeria (CIoDN) is advocating for Nigerian businesses to view tax compliance as a fundamental fiduciary responsibility to ensure transparency and robust governance. Dr. Taiwo Noia Alausa, the Director-General of CIoDN, emphasized the importance of treating tax obligations as core duties to enhance internal controls and public trust.
The institute's call aligns with the new Nigeria Tax Reform Act 2025, which consolidates tax laws and aims to streamline the fiscal framework for corporate governance. CIoDN encourages businesses to seize commercial opportunities while upholding social responsibility and optimizing supply chain efficiency.
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