Nigerian Govt Partners with Banks and Fintechs to Recover Tax Debts by 2026

The Nigerian government aims to boost revenue and reduce leakages by using financial institutions like Access Bank and Zenith Bank, as well as fintech companies like Opay and Moniepoint, to recover tax debts by 2026. The plan involves tightening governance, defining qualified tax debts, expanding the role of technology, and setting ambitious revenue targets.

Tax debts are broadly defined to include unpaid taxes, penalties, and interest. The government will enforce recovery actions, including assigning debt recovery to third parties in serious cases.