AXA Mansard Insurance has urged employers across Nigeria to adopt structured change management strategies as the country transitions to a new tax regime.

Omowunmi Adewusi, general counsel and human resources director at AXA Mansard Insurance, gave the advice during a webinar organised by the Chartered Institute of Personnel Management of Nigeria on Thursday in Lagos.

The session brought together industry leaders and policy stakeholders to examine the implications of the emerging tax framework on businesses, particularly its impact on the cost of doing business in Nigeria.

According to her, organisations must go beyond regulatory compliance to successfully navigate the evolving fiscal environment and ensure operational stability.

She noted that businesses needed to deliberately manage internal adjustments required by the new tax framework to sustain growth.

Ms Adewusi added that major policy shifts, such as tax reforms, often come with operational complexities that require proactive leadership and well-structured transition planning.

Ms Adewusi noted that clear and transparent communication would also be critical to maintaining stability within organisations during the transition period.

She said that employees and other stakeholders must be properly engaged as companies adjust to the new regulatory realities.

According to her, such engagement will help reduce uncertainty among employees and support smoother implementation of the reforms within organisations.

However, regardless of the adjustment challenges, Ms Adewusi expressed optimism about the long-term prospects of the reforms, describing the new tax framework as a potential catalyst for improving Nigeria’s economic competitiveness.

She also encouraged startups and emerging businesses to view the reforms as an opportunity to strengthen their operational structures and build sustainable enterprises within a more transparent regulatory system.

The general counsel and human resource director further noted that businesses that proactively align their internal processes and governance frameworks with the new tax environment would be better positioned to thrive in the evolving economic landscape.

She noted that the remarks reflected AXA Mansard’s commitment to contributing expert insights to policy discussions shaping Nigeria’s business environment, particularly in governance, regulatory compliance, and economic reforms.

According to her, such engagements support broader efforts to build a more transparent, resilient and investment-friendly economy.

(NAN)