By Austin Ogwuda
…lists 7 principal benefits
Contrary to apprehension over the new tax policy coming into effect by January next year, a University Don, Dr. Ochuko Emudainohwo has clarified that the new policy is not going to suffocate the poor masses but to be leveraged upon.
Dr. Emudainohwo made the clarification as a Guest Speaker at the Delta Online Publishers Forum (DOPF) 2025 Lecture Series in Asaba on Thursday with the theme: ‘Nigeria’s New Tax Law: Implications and Opportunities for Businesses and Society’.
Emudainohwo, an Associate Professor of Accounting at Dennis Osadebay University, Asaba urged business owners policymakers and the entire citizens to embrace the reform and contribute to a more accountable and sustainable fiscal environment.
He described Nigeria’s 2025 tax law as a strategic framework designed to promote inclusive economic growth and diversify the nation’s revenue base.
He listed some objectives of the 2025 Tax Law, stressing that the law which is structured to strengthen the economy, simplify taxation and enhance fiscal accountability comes with 7 principal benefits, namely:
*Reduced dependence on oil revenue: Encouraging a diversified national economy.
*Streamlined tax administration: Income taxes and company taxes are consolidated into a single framework, reducing bureaucratic complexity.
*Support for SMEs: Companies with an annual turnover below N50 million are exempt from capital-based and corporate income taxes.
*Promotion of entrepreneurship: Reduced tax burdens encourage innovation and business growth.
*Enhanced transparency: Digital tax platforms improve accountability and limit revenue leakages.
*Improved compliance efficiency: Businesses and individuals benefit from simplified filing procedures.
*Strengthened economic resilience: A more robust fiscal framework better withstands external shocks.
On a final noted, he stated that “The law is designed to be pro-people, supporting businesses while boosting government revenue”.
Earlier on Wednesday, the previous day, the Chairman of Delta Online Publishers Forum (DOPF), Mr. Emmanuel Enebeli charged members of the forum to uphold the ideals of the organisation and maintain the highest standards of digital journalism.
Enebeli gave the charge during the 2025 annual retreat of the Delta Online Publishers Forum (DOPF) in Asaba whereby new members were inducted into the fold.
Enebeli cautioned that membership should not be taken as a symbolic gesture but as an invitation to active participation and professional excellence in the State’s digital media space.
Said he, “Do not go home and sleep after joining this Forum because the membership of any website that remains inactive will be reviewed for necessary action.
“Do not use your platforms to attack people. Do not publish unverified reports. This is very important. We must work together to promote and grow DOPF”, he admonished.
