Nolands Commences Operations in Nigeria

Raheem Akingbolu

In a determined posture towards capturing new markets in the African continent, an integrated audit services firm, Nolands, has launched its services in Nigeria.

The firm which provides services on tax, audit, advisory and forensics, extended its tentacles to Nigeria with a view to making tax environment more vibrant in the country.

The launching of the company in Nigeria came at a time the federal government is beginning to gear the citizens towards tax compliance.

Speaking at the official launch of the company in Lagos on Thursday, Chief Executive Officer Nolands Nigeria, Prof. Taofeeq Abdulrazaq stated that the company would help entrench tax compliance by providing solutions for the private and public sector.

Abdulrasaq said: “We have our own brand image and that’s what we are going to put out in the market to give people choice and value for their money,” he said.

According to him, the launch of Nolands Nigeria will bring connection and expatriate skills which will benefit clients across the country and in the continent.

He explained that the central policy of his firm is Pro Africa and it’s good to start from Nigeria.

The professor who has written a book on taxation also suggested moves through which Nigerian government can use tax to galvanise the nation’s economy.

To achieve this, he advised that the government should “reduce corporate tax from 30 percent to 20 percent, lower the rate of personal income tax from 20 percent to 10 percent, concentrate on indirect taxes, reduce the multiplicity of taxes, and reform the tax dispute resolution mechanism.

Abdulrasaq further advised government to create offices for tax simplification, tax law committee and tax ombudsman.

Government should also encourage tax arbitration so that the sum of money that is tied down in dispute can be released to it. “Government should train tax practitioners and build a lot of technology to drive the system.”

Unveiling the company in Nigeria in Lagos, the Chief Executive Officer Nolands, Darryl Fordham said the firm wants to be part of the growth of Nigerian and Africa economy.

Fordham who believes the size and dynamics of the Nigerian market would be a springboard for Nolands into other West African countries, says the decision to come to Nigeria is a very special milestone for the firm.

“In years to come, we will look at this moment as a pivotal time in the development of Nolands itself.

Speaking also at the event is the Marketing Director, Nolands, South Africa, Errol Denman who said his firm has taken time to find the right people to partner with and hopes for the best to happen.

He said: “With Prof. Taofeeq and his team, we know we’ve partnered with the best. They have a long track record of professionalism and integrity, the two pillars on which we built Nolands”.

Fordham explained that Nolands carries out its functions with distinct working principles hinged on relationship and solutions.