Tinubu’s tax reforms: Nigerians must now obtain tax ID to operate bank accounts

former Speaker of the House of Representatives, Yakubu Dogara, has said that under President Bola Tinubu’s tax reforms, it is now a legal requirement for every taxable person, including companies, to obtain a tax identification number (TIN) before opening or continuing to operate a bank account in Nigeria.

Mr Dogara, who also chairs the Board of the National Credit Guarantee Company (NCGC), said this on Tuesday while delivering a keynote address at the inaugural Distinguished Parliamentarian Lecture in Abuja.

He explained that the provision is embedded in the Nigeria Tax Administration Act (NTAA), one of four new tax reform laws signed into law by Mr Tinubu on 26 June 2025.