The Federal Government has published Nigeria’s new tax reform laws in the official gazette following President Bola Tinubu’s assent on June 26.

The announcement was contained in a statement signed by the Personal Assistant on Special Duties to the President, Kamorudeen Yusuf, on Wednesday.

The reforms introduce four legislations: the Nigeria Tax Act 2025, Nigeria Tax Administration Act 2025, Nigeria Revenue Service (Establishment) Act 2025, and the Joint Revenue Board (Establishment) Act 2025.

The gazette stated, “Small businesses with turnover under ₦100m and assets below ₦250m are exempted from corporate tax.

READ ALSO:FG Move To Establish Rehabilitation Centres For Persons With Spinal Cord Injury Nationwide

“Corporate tax rate for large firms may be cut from 30% to 25% at the President’s discretion.

“Top-up tax thresholds: ₦50bn (local firms) and €750m (multinationals).

“5% annual tax credit introduced for eligible priority-sector projects.

READ ALSO:FG Offers Up To 16.54% Yield On September Savings Bonds

“Companies transacting in foreign currency may now pay taxes in naira at official exchange rates.”

The Nigeria Tax Act and the Nigeria Tax Administration Act will take effect from January 1, 2026, while the Nigeria Revenue Service Act and the Joint Revenue Board Act became effective from June 26.

“These reforms aim to simplify Nigeria’s tax system, support small businesses, attract investment, and strengthen fiscal stability, aligning with President Tinubu’s Renewed Hope Agenda to diversify revenue away from oil,” the statement concluded.

The Edo State deputy governor, Hon. Dennis Idahosa has expressed satisfaction with the quality of facilities at the Edo state specialist hospital.

While commending the facilities during an inspection tour of the hospital on Wednesday, the deputy governor, however, expressed the need for the expansion of the hospital.

In a press statement by his Chief Press Secretary, Mr Friday Aghedo, the deputy governor, noted that the expansion was met to take care of the immediate and future health needs of the growing population of the state.

The deputy governor who was taken round the treatment rooms, wards, clinics, the molecular laboratory, as well as the VIP section and the Premium Lounge structured for busy executives, commended the hospital’s management for the standard.

READ ALSO:Edo Deputy Governor, Idahosa Felicitates Muslims On Eid-ul-Mawlid

Similarly, Idahosa, who inspected the hospital’s ongoing projects while listening to the challenges of managing the hospital, assured the management of taking his findings as well as their complaints to Governor Monday Okpebholo.

He stated, “By the grace of God, Edo Specialist Hospital will be transformed, inline with our campaign promises to Edo people.”

On the need for expansion, Idahosa said, “You can see the overwhelming number of patients at the hospital.

“This call for the need for expansion to take care of this huge number and also the fact that the population is growing on a daily basis.”

READ ALSO:2027 Presidency: Idahosa Reiterates Okpebholo’s Promises Of Delivering Edo To Tinubu

The state’s Commissioner for Health, Dr Cyril Oshiomhole, said that the ministry had employed the services of quite a number of medical personnel, including medical doctors, since the present administration came on board.

Represented by the Permanent Secretary of the ministry, Dr. Stanley Ehiarimwian, the Commissioner, said the state has also made the issue of training medical professionals a priority.

The Chief Medical Director (CMD) Edo Specialist Hospital, Dr. Anthonia Njoku commended the governor for the support to the hospital and appealed for more of such

She particularly praised the governor for making security and health issues a priority in his “SHINE Agenda.”

According to her, “of the drawn up five point agendas, health plays second, next to security on the SHINE Agenda.

READ ALSO:By-Election: Idahosa Assures Of More Infrastructural Development In Ovia

“When you are secured, we want you to live healthy to be able to achieve other things.

“As we await the accreditation of the department of obstetrics and gynecology of the West African college of surgeons, it is no gainsaying that it is a very important aspect of healthcare where we form a hub and develop highly skilled manpower that Edo people will be grateful for it.”

She asserted that the need for expansion is to create space for more patients to be taken in by the hospital.

“For every one patient we admit in Edo specialist glhospital, three are referred; not because we do not want to care for them, not because we do not have the expertise, but, because we do not have space,” she explained.

The Nigerian Association of Resident Doctors will today (Wednesday) hold its National Executive Council meeting to determine its next line of action on a pending ultimatum to the Federal Government.

The association had earlier issued a 10-day ultimatum to relevant government agencies, warning that members would embark on a nationwide strike if their demands were not met.

The threat comes amid mounting pressure on Nigeria’s fragile public health system, which is already grappling with a shortage of doctors, poor infrastructure, and overcrowded hospitals.

Resident doctors, who constitute the majority of the medical workforce in teaching and specialist hospitals, have repeatedly gone on strike in recent years over unpaid wages, poor welfare, and inadequate working conditions.

READ ALSO:JUST IN: Doctors Issue 10-day Ultimatum, Threaten Strike

Experts warn that another shutdown could cripple healthcare delivery, forcing patients to seek expensive private care and worsening health outcomes nationwide.

In a communiqué issued on September 1, 2025, and signed by NARD President, Dr. Tope Osundara; General Secretary, Dr. Oluwasola Odunbaku; and Publicity and Social Secretary, Dr. Omoha Amobi, the doctors demanded immediate payment of the outstanding 2025 Medical Residency Training Fund, settlement of five months’ arrears from the 25–35 per cent Consolidated Medical Salary Structure review, and other long-standing salary backlogs.

They also demanded the payment of the 2024 accoutrement allowance arrears, prompt disbursement of specialist allowances, and restoration of the recognition of the West African postgraduate membership certificates.

In addition, they called on the National Postgraduate Medical College of Nigeria to issue membership certificates to all deserving candidates, implement the 2024 CONMESS, resolve outstanding welfare issues in Kaduna State, and address the plight of resident doctors at LAUTECH Teaching Hospital, Ogbomoso.

READ ALSO:JUST IN: FCT Resident Doctors Begin Seven-day Warning Strike

Speaking with The PUNCH on Tuesday, Dr. Osundara said the outcome of today’s NEC meeting would determine the association’s next step.

“We are holding our NEC meeting tomorrow (today), and the outcome will determine our next line of action. At the meeting, we will review whether the government has made any meaningful progress on addressing our demands. If there is a positive response, it will guide our decision, but if not, the council will take a firm stance on the next steps, including the possibility of industrial action,” he said.

NARD First Vice-President, Dr. Tajudeen Abdulrauf, also confirmed that the NEC would reconvene today to assess the situation.

“The outcome of the meeting will depend on the government’s response to our demands. If they are not addressed, we cannot guarantee industrial harmony, and a strike remains likely. Remember, we gave a three-week ultimatum in July and extended it. In the spirit of dialogue, the NEC mandated the National Officers’ Committee to engage stakeholders for another three weeks, yet nothing has been done. When we meet tomorrow, we will review the government’s response and decide on the next line of action,” Abdulrauf said.