
News
New Tax ID Law: Nigeria’s Boldest Step Yet to Fix a Broken Tax Culture
By Princess G. Adebajo-Fraser
Introduction: A Turning Point for Nigeria
Beginning January 1, 2026, Nigerians will face a new reality: no bank account, no business operation, and no access to financial services without a Taxpayer Identification Number (Tax ID or TIN). This reform is anchored in the Nigeria Tax Administration Act, 2025, signed into law by President Bola Ahmed Tinubu in August. It is already being hailed as the most significant financial reform in decades.
The law makes tax compliance a precondition for participating in the financial system. While some citizens may initially view this as burdensome, the truth is that this policy represents a necessary, bold step toward building a sustainable national economy. For the first time, Nigeria is moving away from its dependency on oil revenues toward a citizen-driven taxation culture that is the backbone of prosperous nations.
Why This Law Matters
For decades, Nigeria has had one of the weakest tax compliance records in the world. Out of a population of more than 200 million, only about 10 million are registered taxpayers, while more than 60 million Nigerians operate bank accounts. This mismatch has crippled government revenue and left the nation overly dependent on oil earnings, which are volatile and shrinking in relevance in a climate-conscious global economy.

The numbers speak for themselves:
Nigeria’s tax-to-GDP ratio is a mere 10%.
Ghana stands at 13%, Kenya at 16%, South Africa at 27%, and the global average is 34%.
In practical terms, this means that while Nigeria has the largest economy in Africa, it collects far less in taxes compared to its peers, leaving public finances in a constant state of crisis. This explains why Nigeria’s budget deficits have widened, borrowing has increased, and infrastructure remains underfunded.
By mandating Tax IDs for all financial transactions, the Federal Government hopes to close this dangerous gap, expand the tax net, and secure revenue to fund critical services such as healthcare, education, and infrastructure.
What the Law Says
The Nigeria Tax Administration Act, 2025 introduces sweeping changes:
1. Individuals: No bank account can be opened or operated without a Tax ID.
2. Businesses: From small informal traders to multinationals, every enterprise must register.
3. Government Agencies (MDAs): Must obtain Tax IDs before entering contracts.
4. Foreign Suppliers: Cannot transact in Nigeria without registering with the new Nigeria Revenue Service (NRS).
5. Financial Institutions: Banks, insurers, and stockbrokers are barred from serving anyone without a Tax ID (Section 8(2)).
The Act also abolishes the Federal Inland Revenue Service (FIRS) and establishes the Nigeria Revenue Service (NRS) as the new tax authority. This institutional restructuring signals government’s determination to enforce compliance and build a modern, digitized tax regime.
Call for Support
“This reform is long overdue. For too long, Nigeria has depended almost entirely on oil revenues while big multinationals operating in our country — companies generating billions — have escaped proper taxation. The new Tax ID law means such companies must now give back fairly to the nation whose resources and infrastructure they benefit from.
Take for example our federal highways, many of which are damaged daily by heavy-duty trucks, including those of major corporations like Dangote. Proper tax contributions from these companies could fund the repair and maintenance of such roads, improve public services, and even cover the budgets of entire states. Multinationals like MTN, DSTV, and large banks, who are generating so much revenue quarterly, ought to pay the correct amount of tax to the government. Those revenues can fund free healthcare and education initiatives for the people, as seen in other countries.
The low-income earners need not fear — they will not be eligible to pay tax, but they will still need to register for transparency. The real target is wealthy corporations and high-net-worth individuals who must now fulfill their civic responsibility to the Nation.
This is how it works in advanced nations like the United Kingdom, where the government relies heavily on tax to provide free healthcare, education, and world-class infrastructure. Why should Nigeria be different?
President Bola Ahmed Tinubu’s administration has taken a bold step to strengthen accountability and reduce dependence on borrowing. As patriots, we must all support this move and demand transparency in its implementation so that Nigeria can finally build a taxation culture that delivers for her people.” – Princess G. Adebajo-Fraser MFR.
Lessons from Around the World
The argument for a strong taxation system is not theoretical; it is proven globally. Nations that thrive do so because they fund their budgets through taxes, not unsustainable borrowing or overreliance on natural resources.
United States: Tax revenues account for around 27% of GDP, funding Social Security, Medicare, infrastructure, and public services.
United Kingdom: About 33% of GDP is raised from taxes, paying for the National Health Service (NHS), free education, and public transport.
Scandinavian countries: In Norway, Denmark, and Sweden, tax-to-GDP ratios exceed 40%, allowing governments to deliver world-class healthcare, free universities, affordable housing, and generous social security.
The common denominator is simple: citizens pay taxes, and governments are held accountable to deliver welfare in return. Nigeria’s weak tax culture has prevented this social contract from taking root.
Implications for Nigerians
Bank Customers
From January 2026, no deposits, withdrawals, or transfers will be possible without a Tax ID. Citizens must register in advance to avoid disruption.
Small Businesses
Informal traders, who make up a huge part of Nigeria’s economy, will face new compliance obligations. However, proper registration may also grant them access to loans, credit, and formal recognition.
Corporate Nigeria
Large corporations will face stricter oversight to prevent tax evasion. Multinationals like MTN, DSTV, and major banks, whose revenues run into trillions of naira, will finally be compelled to pay their fair share.
Foreign Companies
Non-resident suppliers must register with the NRS before doing business in Nigeria, leveling the playing field for local companies.
Risks and Challenges
No reform comes without risks. Nigerians must be aware of the potential pitfalls:
1. Exclusion of the Poor: With 38 million adults unbanked, some may be excluded if the process is not inclusive.
2. Corruption and Bureaucracy: Without strong oversight, corrupt officials may exploit the registration process.
3. Awareness Gap: Millions risk missing the deadline if public education campaigns are not robust.
The success of this reform will depend on whether the NRS can build a transparent, efficient, digital-first system that minimizes human contact, speeds up processing, and ensures fairness.
Building a New Tax Culture
Nigeria must seize this moment to build a new taxation culture where:
Citizens understand tax as a civic duty, not punishment.
Government delivers value in return — better roads, schools, hospitals, and jobs.
Corporations are held accountable to contribute fairly to the economy.
This reform, if well-implemented, will reduce Nigeria’s reliance on borrowing, cut waste, and strengthen national sovereignty. It will also give citizens leverage to demand accountability, since the government will now be directly funded by the people.
What Nigerians Must Do
1. Register early: Do not wait until the last minute.
2. Gather required documents: NIN, BVN, ID, address, and business records (if applicable).
3. Stay informed: Follow NRS guidelines and updates.
4. Think beyond today: Taxes are an investment in collective welfare.
Conclusion: A Bold Step Toward Progress
The New Tax ID Law represents more than a bureaucratic change. It is a test of whether Nigeria can move beyond oil dependency into a sustainable, people-driven economy. It is also a chance to demand that the government fulfill its part of the social contract by delivering visible, measurable improvements in public welfare.
If successful, this reform will mark a turning point in Nigeria’s history — the birth of a true tax culture where every citizen and corporation contributes fairly, and the nation prospers as a result.
The National Patriots, emphasizes:
“This is a bold step and deserves the support of all Nigerians. It is time for every citizen, every company, and every leader to recognize that taxation is the foundation of national progress. With accountability, fairness, and transparency, this reform can deliver a better Nigeria for generations to come.”
•Princess Gloria Adebajo-Fraser MFR, The National Patriots.
News
Tinubu media centre posts AI image of Remi Tinubu selling akara
President Bola Ahmed Tinubu Media Centre has shared an AI-generated image of Nigeria’s First Lady, Senator Oluremi Tinubu, frying and selling akara, days after her comments on micro-enterprises sparked widespread criticism on social media.
The image, posted on the Presidency’s official social media accounts on Friday, depicts the First Lady at a roadside akara stand wearing an apron bearing the inscription, “Iya Alakara, fueling the nation with love.”
The post followed remarks by the First Lady during an interview in which she said small-scale businesses such as frying akara, roasting corn and making kuli kuli require little start-up capital.

She explained that the Federal Government was supporting such ventures with grants rather than loans as part of efforts to improve livelihoods.
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“We’re trying to give hope, and to start akara business doesn’t take a lot of money. To start roasting corn, or somebody even said kuli kuli doesn’t take much. We didn’t give them a loan; we gave it to them as a grant,” she had said.
Her comments triggered mixed reactions, with many Nigerians accusing her of being insensitive to the country’s economic realities, while others defended her, saying she was highlighting accessible business opportunities.
The Presidency’s AI-generated image has further fuelled debate online, with supporters describing it as a light-hearted response to critics and others condemning it as trivialising the economic hardship faced by many Nigerians.
Reacting on X, a user identified as @Top_GunM wrote, “Warra country. It’s so unfortunate. This is meant to be the wife of the president of the most populous black nation in the world and this is what she’s being reduced to.”
Another user, who tweets as #mizmuchstella, criticised the Presidency’s media team, saying, “Whoever is the handler of this account should be sacked. Your job is to position this government as good, but it is obvious you have no basic knowledge of your job.”
Tinubu media centre posts AI image of Remi Tinubu selling akara
Tinubu media centre posts AI image of Remi Tinubu selling akara
Also reacting,zaddy wilver who identifies #WilverZaddy said, “I hope Nigerians are seeing the man they voted for using them to catch cruise? Is this what a president is supposed to say? A president directly mocking the masses while the economy bites harder with high level of insecurity in the country. Such a big pity and mess.”
CHEQNBALNCE who identifies as #ChimaAmako82045 described the post as an insult to Nigerians, “Keep enjoying this mediocrity n insult you are giving Nigerians, e just remain months to vote the idiotic family out of aso rock, and na that time when una wan rig am na him una go know Nigerians pain. Enjoy it while it last but remember it won’t last forever.”
Straight who writes as #outtahighbee argued that the Presidency was hurting its own image., “lol You guys are not helping this president of ours at all. You think you are but you keep dragging the old man down and further down with this cruise. Everybody can’t sell akara and kuli kuli now Abi iru wahala wo leleyi gan sef? Oro yin su mi o.”
Gentry☮️ who tweets as #gentrytee22 said the image reflected how poorly the government rated citizens, describing it as “a nationwide meme.”, “This is to show how small the government of the day rates its citizens. You advocate for mediocrity and call it innovation , people who wants better for themselves complain now it has to turn to a nationwide meme being used by the government media team lol. It’s a shame”
Highlighting rising living costs, Bruno Fernandes broda who identifies as #AminJaman added, “Even akara has becomes more expensive because beans, oil, and transport costs keep rising. The smile is beautiful, but behind it is the reality of soaring food prices, expensive cooking gas, and declining purchasing power.”
Tim Oma who writes as #SirTimeyin defended the post, arguing that Nigerians had initially turned the First Lady’s remarks into memes.”I find it interesting that so many people are suddenly outraged. When the First Lady’s “Akara” comment became content, Nigerians turned it into skits, memes, and endless cruise. We laughed, and moved on. Now the President has added his own quota to thesame joke, and everyone is wailing. Why the surprise? Once a national issue becomes entertainment, don’t be shocked when those in power start treating it like one too. What’s good for the goose is good for the gander.
Sta M who tweets as #sto0511M welcomed the image, urging the Presidency to continue releasing similar content. “Thank you for this image we want more of these kind images to dish out to them so that theh can continue roaming in 1 roundabout,abeg pepper 🌶 dem more for us our body sey sweet us with that PBAT statement”
Tinubu had on Thursday playfully referred to the First Lady, Oluremi Tinubu, as “Iya Alakara” (Mama Akara Seller), in an apparent light-hearted reference to the recent controversy surrounding her remarks on small-scale businesses.
The President made the remark while observing protocol during his address at the Presidential Press Corps Dinner held at the State House, Abuja.
A video of the event, shared by Aso Rock TV on YouTube, showed Tinubu smiling as he acknowledged dignitaries in attendance before turning to the First Lady.
News
PFIPC scam: Presidency asks DSS, EFCC to unravel criminal network
The Presidency has told the Department of State Services (DSS) and the Economic and Financial Crimes Commission (EFCC) to unmask the internal criminal elements working with Prince Matthew Adeniyi to operate a fictitious presidential agency for prosecution.
The Presidency alleged that there are internal collaborators enabling Prince Adeniyi in the smear campaign against the Chief of Staff to the President, Femi Gbajabiamila.
Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, who made the declaration in a post on his X handle, accused Adeniyi of being an “irredeemable con artist” who is expertly exploiting Nigerian public psychology regarding corruption to shield himself from criminal accountability by dragging the name of the Chief of Staff into his multi-billion-naira fraudulent enterprise.
He said investigators from the Department of State Services, the Police and the Economic and Financial Crimes Commission had been tasked with unraveling the full extent of the collaboration that allowed Adeniyi to forge presidential appointment letters, maintain 34 bank accounts in the names of fictitious government bodies, host foreign ambassadors and open a Central Bank account, all while parading himself as the director-general of a non-existent body called the Presidential Foreign Intervention Promotion Council.
Ajayi said: “What is not in doubt is that internal collaborators enabled Adeniyi to get this far. That is precisely what investigators from the DSS, the Police and the EFCC must now unravel.
“The criminal network within the affected institutions must be dismantled and everyone found to have played a role should be arrested and prosecuted.”

He further wrote: “In Nigeria, the easiest and most believable allegation anyone can throw at a public officer is corruption. Once that accusation is thrown into the mix, the water is polluted, the lines are blurred and everyone is kept busy arguing over distractions rather than the real issues.
“Matthew Adeniyi understands Nigerian public psychology and he is exploiting it expertly to shield himself. He is an irredeemable con artist who is attempting to drag the name of the Chief of Staff to the President, Femi Gbajabiamila, into his criminal enterprise. The Chief of Staff is simply his last straw.
“Many commentators have rightly pointed to the systemic failure that allowed such an elaborate fraudulent scheme to flourish. Daredevil criminals who operate around government institutions with the sole aim of pulling off spectacular heists are common across the world.
“Some succeed, many fail. The part many commentators have overlooked, however, is how that same system eventually detected the fraud and fished him out.
“Contrary to the anything-goes narrative being promoted, it was the system itself that raised the red flag and dealt with it administratively.”
The presidential media aide further said: “First, officials of the Nigerian Investment Promotion Commission (NIPC), the statutory agency responsible for investment promotion, together with officials of the Ministry of Foreign Affairs, identified the anomaly and lodged complaints with the appropriate authorities for clarification. That is a system functioning as it should. It is a system capable of detecting an aberration.”
Recall that on June 11, 2026, Gbajabiamila issued a public disclaimer alerting the public, foreign missions, financial institutions and multilateral organisations that the Presidential Foreign Intervention Promotion Council had no official standing and that no appointment had been made under its name.
On July 1, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, revealed that Adeniyi had been charged with eight criminal counts at the Federal High Court since November 27, 2025; that he maintained 34 bank accounts in the names of fictitious government agencies; that he had fraudulently opened a CBN account by deceiving the Accountant-General’s office; and that the key witness who allegedly procured his forged appointment letter died in a hotel fire five days before Adeniyi’s own arrest on October 27, 2025.
But human rights lawyer Femi Falana, SAN, challenged the Presidency, saying it lacked the constitutional authority to exonerate any party in the matter and calling for the ICPC to independently investigate both Gbajabiamila and Adeniyi.
Falana also demanded an explanation for how N24bn was allegedly budgeted for the non-existent agency and how it succeeded in opening a CBN account.
Adeniyi is due before the Federal High Court in Abuja on July 27, 2026, alongside two accomplices who are still at large.
News
PFIPC scandal: NDC seeks Gbajabiamila’s sack, independent probe
In a statement dated July 3, 2026, and signed by its National Publicity Secretary, Osa Director, the party said it was “alarmed by the damning allegations of corruption involving the Chief of Staff to President Bola Tinubu, Mr Femi Gbajabiamila, and one Prince Mathew Adeniyi Adeyemi, who claims to be the Director-General of the so-called Presidential Foreign Intervention Promotion Council (PFIPC).”
The NDC alleged that “the non-existent agency was allegedly used to siphon public funds, with the active collusion and facilitation by the Chief of Staff, Gbajabiamila,” adding that the development “raises fundamental questions about the level of transparency, accountability, and the integrity of the Tinubu administration.”
According to the statement, allegations made by Adeyemi include claims that the PFIPC received allocations in the 2026 budget and opened multiple accounts with the Central Bank of Nigeria.
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