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flag Nigeria clarifies TIN requirement, linking it to existing IDs to avoid barriers to banking.

flag Nigeria's government has clarified that the Tax Identification Number (TIN) requirement for bank accounts does not mean citizens need a separate TIN card to access banking services. flag The TIN, a 13-digit identifier, is automatically linked to the National Identity Number (NIN) for individuals and the Registration Number (RC) for businesses, ensuring seamless banking without manual TIN application. flag Critics worry this could affect low-income earners and petty traders, but the government insists it aims to improve tax compliance without barriers to financial inclusion.

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