LIMBsimple Podcast - Life, Investing, Money and Business Made Simple

What Every Business Must Know About Tax, Compliance & Regulations In Nigeria | LIMBsimple Podcast | Episode 22 | Olasoji Odunayo | Sporos ConsultRunning a business in Nigeria has changed dramatically.With new tax reforms, stricter compliance requirements, increased regulatory enforcement, and the introduction of digital tax systems such as REF 360, every entrepreneur must understand how to remain compliant while building a profitable business.In this episode of the LIMBsimple Podcast, we had an interesting time with Olasoji Odunayo, CEO of Sporos Consult, to break down everything Nigerian business owners need to know about taxation, compliance, financial structure, and regulatory obligations in 2026.Whether you're a startup founder, SME owner, CEO, finance executive, accountant, or entrepreneur, this conversation will help you avoid costly compliance mistakes and position your business for sustainable growth.In this episode, you'll learn:👉 Why compliance is becoming more important than ever in Nigeria👉 The biggest tax and regulatory changes affecting businesses in 2026👉 Why "ignorance is not a defence" when it comes to compliance👉 The major government agencies every Nigerian business should know👉 How CAC, FCCPC, NDPC, ITF, PENCOM, SCUML and other regulators affect your business👉 Common bookkeeping and documentation mistakes that attract penalties👉 Why mixing personal and business finances can become expensive👉 How fintech has made businesses more transparent to regulators👉 The truth about bank transfer narrations and tax monitoring👉 What REF 360 is and how it is transforming tax administration in Nigeria👉 The difference between tax avoidance and tax evasion👉 Legal strategies to reduce tax exposure and protect your wealth👉 Why compliance should become part of your business growth strategyIf you're serious about building a business that lasts, this is one conversation you cannot afford to miss.Meet the Guest 👇👇👇Odunayo Olasoji is a seasoned accountant, public speaker, and the Lead Consultant at Sporos Consult in Lagos, Nigeria. With over 10 years of financial and tax advisory experience, he helps corporate and individual clients drive sustainable growth. Through his firm and the "Dear-Business-Owner" social media series, Odunayo has empowered over 100 businesses across Nigeria, saving them hundreds of millions via proactive tax planning and audit representation. He is deeply committed to mentorship, serves as an Associate Pastor at Citizens of Light Church, and is happily married with children.OLASOJI ODUNAYOSPOROS INSTAGRAMSPOROS FACEBOOKOLASOJI ODUNAYO LINKEDIN PROFILESubscribe for weekly conversations on:If this episode helped you, please: like the video, share your biggest takeaway in the comments. Subscribe and turn on notifications so you never miss a new episode.Connect with LIMBsimple for daily insights and updates:The LIMBsimple podcast is available on all your favourite streaming platforms.▶️ WEBSITE▶️ INSTAGRAM▶️ FACEBOOK▶️ THREADS▶️ TWITTER▶️ TIKTOK▶️ LINKEDINTimestamps:00:00 Introduction00:00 Why Every Business Must Understand Compliance08:19 Understanding Taxes Simply11:47 When Business Growth Creates Compliance Risks15:35 Key Regulatory Agencies Every Business Should Know21:28 The Biggest Compliance Mistakes Businesses Make30:54 Documentation, Invoices & Transfer Narrations37:43 Tax on Investments Explained40:00 Fintech, Digital Banking & Government Visibility44:43 Why Compliance Can Become Your Competitive Advantage51:11 Understanding REF 36055:44 Legal Wealth Protection & Smart Tax Strategies

Africa’s future will be shaped by the stories its children grow up watching.In this powerful episode of the LIMBsimple Podcast, we had an interesting time with Damilola Solesi, the founder of Smids Animation Studio and creator of Keko Africa. She discussed the future of African storytelling, animation, creativity, and identity.From building one of Africa’s leading animation studios over 15 years, to creating African cartoons that help children see themselves represented on screen.This conversation explores:👉 The business of African animation👉 Why representation matters for African children👉 How storytelling shapes culture and identity👉 The future of Africa’s creative industry👉 Building global creative businesses from Nigeria👉 The challenges of building an industry from scratch👉 Why Africa needs its own DisneyIf you're an entrepreneur, creative, parent, investor, or visionary interested in Africa’s future, this episode is for you.Make sure you watch till the end.CHAPTERS00:00 - Introduction02:08 - 15 Years Building Africa’s Animation Industry05:11 - Why African Children Need Representation06:16 - Following Her Passion Despite Studying Computer Science08:55 - Building Talent in Africa’s Creative Industry10:55 - Challenges of Starting an Animation Studio in Nigeria14:31 - Women in Animation & The She Animate Initiative19:37 - Building Teams, Culture & Retaining Talent23:06 - Winning International Awards for African Stories24:17 - The Story Behind “Hadoo”27:09 - Keiko Africa & Teaching African History Through Cartoons31:01 - Why African Stories Matter36:15 - The Process of Creating African Animated Stories38:39 - What Parents Should Expect From African Content41:46 - The Power of Storytelling to Shape Generations45:47 - Investment Opportunities in African Animation46:50 - Advice for Parents Raising Creative Children48:54 - Advice for Young Creatives & Entrepreneurs50:33 - Final Thoughts & Closing MessageHosted: Melvis IhezuonuPowered by LIMBsimpleSubscribe for more conversations on business, strategy, entrepreneurship, money, and growth in Africa.Follow LIMBsimple on social media for daily insights and updates:▶️ WEBSITE▶️ INSTAGRAM▶️ FACEBOOK▶️ THREADS▶️ TWITTER▶️ TIKTOK▶️ LINKEDIN▶️ WHATSAPP▶️ LEARN MOREContact Damilola Solesi 👇TOONTOPIA INSTAGRAMSMIDS ANIMATION INSTAGRAMKEKO YOUTUBE CHANNELHADU TRAILERSMIDS WEBSITE

What really kills businesses in Nigeria?After over 15 years, 90,000+ sales calls, and working with more than 5,000 businesses, including 57+ companies doing over ₦1 Billion annually, Ezekiel Solesi shares the real reasons businesses struggle to grow, scale, and survive.In this powerful episode of the LIMBsimple Podcast, we dive deep into:👉 The 6 core problems every business faces.👉 Why most entrepreneurs misunderstand scaling.👉 Leadership mistakes are destroying businesses.👉 Product-market fit explained.👉 Why marketing matters more than most founders think.👉 The truth about service businesses vs product businesses.👉 How Nigerian founders should think about structure, cash flow, and growth.If you're an entrepreneur, startup founder, CEO, freelancer, consultant, or business owner trying to grow in Nigeria or Africa, this episode is packed with practical business insights you can apply immediately.CHAPTERS00:00 Introduction01:48 Learning from 90,000 Business Calls05:44 The 6 Core Business Problems11:09 Leadership & Product-Market Fit16:50 Service vs Product Businesses28:04 Business Growth vs Scaling36:16 Transitioning from Hustler to Entrepreneur44:13 Marketing vs Product Quality51:31 Shortlets, Hotels & Nigerian Business TrendsKey Lessons:1. Most businesses don’t have sales problems; they have marketing problems.2. Cash flow matters before structure.3. Product-market fit can make or break your business.4. Leadership insecurity can limit growth.5. The market votes with wallets, not opinions.Hosted: Melvis IhezuonuPowered by LIMBsimpleSubscribe for more conversations on business, strategy, entrepreneurship, money, and growth in Africa.👇👇👇 Additional Links: Follow LIMBsimple on social media for daily insights and updates:▶️ WEBSITE▶️ INSTAGRAM▶️ FACEBOOK▶️ THREADS▶️ TWITTER▶️ TIKTOK▶️ LINKEDIN▶️ WHATSAPP▶️ LEARN MORE