The Federal Government will, from January 1, 2026, require all taxable Nigerians to present a Tax Identification Number (TIN) before operating or accessing services from banks, according to the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele.

Oyedele announced the development in an interview shared on his X account on Thursday, noting that it is part of the new Nigerian Tax Administration Act coming into effect on the same date.

He explained that Section 4 of the Act makes it mandatory for every taxable individual to possess a tax ID, forming a central element of the government’s new tax administration framework.

The policy aims to expand the country’s tax base, improve compliance, and create a more unified identification system across financial institutions.