Diaspora Remittances Soar Under Tinubu’s Tax Reforms.
.......As APC Chieftain Ogbueshi Allanah leads Advocacy Campaign
Emmanuel Clement
President Bola Ahmed Tinubu’s administration has introduced comprehensive tax reforms aimed at modernizing Nigeria’s fiscal system, improving compliance through digitization, and expanding the revenue base without burdening households.
These reforms, combined with Central Bank of Nigeria (CBN) initiatives to strengthen formal remittance channels, are expected to significantly increase diaspora inflows, boost FX liquidity, and encourage more investments into the Nigerian economy.
Investigator news reports that key features of the reforms include the introduction of electronic invoicing for VAT, streamlined dispute resolution mechanisms, and restructuring of tax agencies for clearer accountability.
The CBN has also introduced the Non-Resident Bank Verification Number (NRBVN) to make it easier for Nigerians abroad to open and operate accounts, alongside improved remittance frameworks through licensed International Money Transfer Operators (IMTOs).
These reforms directly benefit diaspora remittances by ensuring better exchange rates, safer transactions, and greater transparency. Families in Nigeria will enjoy improved value from funds sent from abroad, while entrepreneurs and small businesses can now leverage digital compliance to access financing and scale their operations.
Prominent Chieftain Tinubu Support Organisation, Delta State.
In Canada, Ogbueshi Sydney Chinedu Allanah, a prominent chieftain of the Tinubu Support Organisation (TSO) in Delta State, is presently leading an advocacy campaign to sensitize Nigerians in the diaspora on how to maximize these opportunities.
Through cluster interactions, and community forums across Canadian cities, Ogbueshi Allanah is educating Nigerians on the benefits of using formal remittance channels and exploring new investment opportunities tied to the reforms.
“President Tinubu’s tax reforms are not just about government revenue, they are about restoring confidence, encouraging transparency, and unlocking the power of diaspora remittances to transform local economies,” Ogbueshi Allanah stated during a sensitization program in Ottawa.
The Tinubu Support Organisation, under the national leadership of Hon. Aminu Suleiman, continues to amplify awareness of these reforms worldwide, ensuring that Nigerians, both at home and abroad understand how to benefit from them.
