The recent national meeting of the NECA’s Network of Entrepreneurial Women (NNEW) Kwara Chapter brought together women entrepreneurs and business leaders for an engaging and informative session centered on tax reform, business compliance, and sustainable business growth strategies.
The meeting featured two impactful presentations designed to equip entrepreneurs with practical knowledge for navigating today’s evolving business environment.
The first session was delivered by Dr. Temi Onosaya on the topic “Gift to Gain: The Winning Formula for Women Entrepreneurs.” In her presentation, Dr. Onosanya emphasized the power of strategic giving as a valuable business tool for building trust, strengthening relationships, and creating long-term business opportunities.
She encouraged entrepreneurs to see giving not merely as charity, but as a strategic investment in people, relationships, and brand reputation. According to her, businesses that intentionally create value and build goodwill are more likely to achieve customer loyalty, sustainable growth, and lasting impact.
The second session was facilitated by Mr. Tope Fatiregun, who provided participants with a detailed overview of Nigeria’s Tax Reform 2025 and its implications for businesses.
Mr. Tope Fatiregun explained key aspects of the new tax structure, including compliance requirements, financial documentation, payroll obligations, deductible business expenses, and the importance of maintaining accurate financial records. He also highlighted emerging digital compliance systems such as e-invoicing and online registration processes for businesses.
Special attention was given to businesses with annual turnover ranging between zero and one hundred million naira, with practical explanations on tax thresholds, obligations, and smart compliance strategies. He clarified that tax liabilities are based on net profits rather than total revenue, helping participants better understand how the new reforms affect small and medium-sized enterprises.
As part of the session, participants were introduced to a digital tax calculation platform, Zorotask.ng, which offers tools for payroll management, turnover tracking, and tax calculations. The platform was highlighted as a practical resource to support business owners in maintaining proper financial compliance.
The interactive session allowed participants to ask questions on tax documentation, financial narrations for transactions, compliance procedures, and business management practices. The discussions provided clarity on several areas of concern for entrepreneurs seeking to align their businesses with the new regulatory framework.
The meeting concluded with important administrative announcements focused on improving meeting attendance, encouraging timely payment of annual subscriptions, and strengthening membership growth across various state chapters, particularly NNEW Kwara.
Special appreciation was extended to the leadership and officers of NNEW for their continued commitment to empowering women entrepreneurs through knowledge-sharing, professional development, and business support initiatives.
Through engagements such as this, NNEW continues to equip women-led businesses with the tools, insights, and strategic guidance needed to thrive in an increasingly competitive and regulated business environment.