Explainer: A Comprehensive Framework of the Tax ID

Promptnewsonline | 13-09-2025 10:21am |

By Arabinrin Aderonke In recent debates about Nigeria’s tax reforms, a widespread misconception has taken root: that citizens without a Tax Identification Number (TIN) cannot own or operate a bank account. This view, while popular in some quarters, is inaccurate. The reality is that Nigeria’s tax system has evolved to integrate seamlessly with existing national

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