Nigerian Government Mandates TIN for Bank Accounts from 2026
The Nigerian government has announced that all taxable individuals and businesses will be required to obtain a Tax Identification Number (TIN) to operate bank accounts in the country from January 1, 2026. This directive, confirmed by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy Tax Reform, aims to ensure tax compliance and provide a legal framework for income earners and entities.
The move follows the introduction of the TIN requirement in the Nigerian Tax Administration Act (NTAA) and is part of broader tax reforms initiated by the government. President Bola Ahmed Tinubu signed several new tax bills into law in June 2025, with the implementation set to begin in 2026.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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