Akinyele Oluwale & Co. - Expert Accounting Solutions

2026 Outlook: Tax Reform Update and Trading Investment Plan Communication

Dear Valued Clients and Esteemed Investors,

We extend our sincere appreciation to you for your continued trust, cooperation, and partnership with Akinyele Oluwale & Co. Your confidence and commitment remain fundamental to our ability to serve you effectively across our tax advisory and trading investment plan engagements.

Tax Reform Update
We commend our clients for their consistent fulfillment of tax obligations and their contribution to Nigeria’s socio-economic development during the last fiscal year. Your compliance—whether as corporate entities or individual taxpayers—plays a critical role in national growth, infrastructure development, and public service delivery.

As we transition into 2026, Nigeria’s ongoing Tax Reform agenda is aimed at building a fairer, simpler, and more growth-oriented tax system. Key developments include enhanced tax administration through expanded digital platforms, the transition from FIRS to the Nigeria Revenue Service (NRS), reduced compliance burdens, and improved taxpayer services. Importantly, the reforms prioritize broadening the tax base rather than increasing tax rates, encouraging voluntary compliance, and strengthening transparency and accountability in tax revenue utilization.

Corporate taxpayers continue to benefit from reforms that support ease of doing business, clearer regulatory guidance, and incentives for investment and job creation. Individual taxpayers equally benefit from improved taxpayer identification systems, balanced enforcement mechanisms, and increased taxpayer education and awareness.

We remain fully committed to keeping you informed, compliant, and strategically positioned under the evolving tax landscape.

Trading Investment Plan Update
Reflecting on the 2025 financial year, we sincerely appreciate your patience, trust, and confidence in our investment operations. The year presented significant global and local market challenges that impacted financial markets broadly. These conditions contributed to the delayed and, in some instances, failed payouts experienced during the period.

We wish to clearly reaffirm that these setbacks were driven by market conditions and not by any lack of commitment, integrity, or operational diligence on our part.

Looking ahead to 2026, we remain firmly focused on stabilizing operations and addressing outstanding payout obligations. Strategic measures are already being implemented to mitigate market risks, strengthen performance, and enhance resilience. We are confident that these steps will support improved outcomes in the near term.

We deeply value your partnership and remain committed to transparency, accountability, and sustainable long-term growth.

Thank you for your continued support as we move forward together.

Yours faithfully,
Akinyele Oluwale & Co.

₦ 750,000

NSITF / ITF / BPP Compliance Certifications Processing

The Nigeria social insurance trust fund (NSITF) is an institution established by the Nigerian government to provide financial and insurance services to employees in Nigeria. It is a proactive and employee-dedicated government institution, committed to the welfare of employees, in the event of work-related accidents, injuries, or other employees related contingencies.

The Industrial Training Fund (ITF) was established pursuant to the Industrial Training Fund (Amendment) Act 2011, to provide and promote the acquisition of skills in industry and commerce. The goal of the ITF fund was to generate a pool of indigenous trained manpower sufficient to meet the needs of the private and public sectors of the Nigerian economy. The ITF Act applies to both public and private entities.

The Bureau of Public Procurement (BPP) was established pursuant to Section 3 of the Public Procurement Act 2007. The BPP is charged with the responsibility to amongst others, ensure accountability and transparency in public procurement in Nigeria. Contractors, Consultants and Service Providers (CCSPs) doing business/intending to do business with the Federal Government of Nigeria are required to register with the BPP.

We assist our clients prepare and facilitates the statutory required documents for the processing of compliance certificates with a record time. Company Incorporation documents. Duly Completed Registration Form. Payroll Schedule Form. Evidence of payment of prescribed fees. Duly completed ITF Form 7. Certified true copies of the company’s Audited Account. Tax Clearance Certificate of the company. Evidence of payment of prescribed fees. Professional Regulatory Bodies Information (For Services Companies only). Manufacturer Representation Information (For Goods category only). Construction Equipment List (For Works category only). Financial Capacity of the company. Key Human Resources. List of Projects Completed;

Client Communication

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Simple steps to process

Processing of NSIFT Compliance Certificate.

Processing of Duly Completed Registration Form.

Compiling of Payroll Schedule Form.

Compiling of Evidence of payment of prescribed fees.

Customer Benefits

Processing of ITF/BPP Compliance Certificates.

Processing of Duly Completed Registration Form.

Compiling of Payroll Schedule Form.

Compiling of evidence of payment of prescribed fees.

Duly completed ITF Form 7.

Certified true copies of the company’s Audited Account.

Submission of Tax Clearance Certificate of the company.

Processing of evidence of payment of prescribed fees.

Compiling of Professional Regulatory Bodies Information (For Services Companies only).

Our Services

NSITF / ITF / BPP Compliance Certifications Processing Conversion/Re-registration of Company Company Search Filing of Annual Returns Registration of Limited Liability Companies Registration of Business Name Reservation of Name Payroll Management Bookkeeping Everything Tax Financial Modeling Auditing

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