RMB Nigeria Asset Management, the wealth and asset management subsidiary of the FirstRand Group, has hosted its maiden client engagement in Lagos to sensitise investors to the implications of Nigeria’s new tax reforms and how they are redefining the nation’s investment landscape.
According to a statement from the firm on Wednesday, the engagement was held under the theme ‘Navigating Opportunity: How Nigeria’s New Tax Bill Reshapes Investment Strategy’.
It is reported that President Bola Tinubu signed four Tax Reform Bills into law in June 2025. They include the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service Act, and the Joint Revenue Board Act. The tax reforms are set to take effect from January 2026.
Participants at the engagement included High-Net-Worth Individuals, Ultra-High-Net-Worth Individuals, Family Offices, policymakers, and financial professionals, who deliberated and shared insights on the critical issues.
Delivering the keynote address, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, emphasised that the tax reforms aim to harmonise Nigeria’s complex tax structure, make the country an attractive hub for digital nomads and business outsourcing, encourage the formalisation of informal businesses by reducing the tax burden, increase the efficiency of tax collection, and promote a more transparent, fair, and competitive economic environment.
Oyedele said, “The reforms are creating the foundation for sustainable growth, a simpler tax system, and encouraging longer-term investment. The goal is to make Nigeria one of the most competitive economies in Africa for investors.”
He highlighted ongoing initiatives aimed at addressing business risks, arbitrage, and the regressive nature of the Capital Gains Tax, with efforts to align it with the income tax of the payer and to make it applicable on the net position instead of being charged on gross gains.
On tax harmonisation, Oyedele mentioned that three legislative proposals have passed second reading to limit the number of taxes to a single digit for businesses and individuals.
In her welcome remarks, the Managing Director of RMB Nigeria Asset Management, Kike Mesubi, said the session marked the beginning of a deeper engagement between RMB Nigeria Asset Management and its clients.
“At RMB Nigeria Asset Management, we see this not just as an event but as a journey, one where we work with our clients and partners to make sense of change and identify new opportunities,” Mesubi said. “Our mission is to empower investors with clarity, insight, and strategy to thrive in a dynamic fiscal environment.”
She also reaffirmed RMB Nigeria Asset Management’s growth trajectory and reputation for governance excellence, innovation, and trusted stewardship.
The session featured a robust panel discussion moderated by Oluyomi Akinola, with industry experts including Opeyemi Oduwole, Femi Wright, and Lolade Ososami sharing valuable insights. The panel explored effective business structures, from limited liability and holding structures to tax residency considerations, as well as strategies for consolidating portfolios, understanding blended tax rates, and optimising overall efficiency.
“As the tax landscape evolves, informed investing becomes even more critical,” Mesubi concluded. “Together, we can navigate uncertainty, harness opportunity, and create value for the long term.”
