Proactive Compliance: Navigating Regulatory Transitions For Business Sustainability

Introduction

New leadership and the regulatory changes they bring can have a profound impact on the landscape of business operations ¹. Following the swearing in of President Bola Ahmed Tinubu on May 29, 2023, businesses have found themselves in a sprint to navigate new realities and find ways to adapt to new rules, policies and laws which have continued to emerge. This altered political landscape makes it necessary for most businesses and particularly medium to large-scale businesses to give consideration to matters of regulatory transitioning. The phrase 'there is a new sheriff in town' colloquially and somewhat effectively communicates the extensive changes moving across government ministries, agencies, authorities, administrative organs, and states.