On January 9, 2026, the Plateau State Microfinance Development Agency (PLASMIDA) convened a high-level MSMEs stakeholders’ engagement workshop on the 2025 Nigeria Tax Reform Act, bringing together major public and private sector stakeholders to enhance understanding of the Act and its implications for Micro, Small, and Medium Enterprises (MSMEs).
In his welcome address, the Director-General of PLASMIDA, Hon. Bomkam Ali Wuyep, described the workshop as both timely and strategic, emphasizing that MSMEs remain the backbone of Nigeria’s economy by driving job creation, innovation, and inclusive economic growth. He stressed the importance of a tax system that ensures clarity, fairness, and predictability, noting that these elements are essential for the sustainability and growth of MSMEs.
According to him, the 2025 Nigeria Tax Reform Act seeks to address long-standing challenges within the country’s tax ecosystem, particularly those affecting small businesses. He also conveyed the goodwill and support of the Secretary to the Government of Plateau State and Chairman, Plateau State MSME Council, Arch. Samuel Jatau, who was scheduled to formally welcome participants but was unavoidably absent due to other pressing state responsibilities.
Hon. Bomkam further expressed deep appreciation to His Excellency, Barr. Caleb Manasseh Mutfwang, the Executive Governor of Plateau State, for his consistent support and visionary leadership in promoting MSME development and creating an enabling environment for enterprise growth across the state.
Goodwill messages were delivered by key stakeholders, including Mr. Jonathan Janfa, Plateau State Manager of SMEDAN, who reaffirmed the agency’s commitment to supporting MSMEs through policy advocacy and capacity-building initiatives. Similarly, Mr. Dauda Gashi, Executive Director of PLACIMA, commended PLASMIDA for facilitating a crucial dialogue that bridges policy reforms with private sector realities.
<span;>The workshop featured in-depth technical presentations by experts from relevant institutions. Mr. Victor Yakong of the Nigeria Revenue Service (NRS) delivered a presentation titled “Overview of the 2025 Tax Reform Act and Its Implications for MSMEs.
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<span;>” This was followed by Mr. Paul Arin of the Plateau State Internal Revenue Service (PSIRS), who spoke on “Addressing Stakeholders’ Expectations and the Way Forward for Tax Administration in Plateau State.”
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<span;>The third presentation was delivered by Ibrahim Bala of the Corporate Affairs Commission (CAC), focusing on “Streamlining Registration and Compliance Requirements for Enterprises in Line with the Tax Reform.”
The event concluded with an interactive panel discussion during which the speakers responded to participants’ questions, clarified grey areas, and offered practical guidance on navigating the new tax regime. The session underscored the importance of sustained stakeholder engagement for the successful implementation of the Tax Reform Act.
Overall, the engagement reaffirmed PLASMIDA’s commitment to promoting an inclusive, transparent, and MSMEs-friendly business environment in Plateau State.
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