Breaking News
Federal Inland Revenue Service, FIRS Confirms NIN As Tax ID
The Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) now automatically serves as the Tax Identification Number (TIN) for individual Nigerians.
The announcement was made on Monday as part of a public awareness campaign on the new tax laws, shared by the FIRS on X.
The Service further stated that registered businesses will no longer need a separate Tax ID. Instead, their Corporate Affairs Commission (CAC) registration number will function as their official tax identifier under the revised system.
The clarification comes amid public concerns over provisions in the new tax laws requiring a Tax ID for certain transactions, including bank account ownership.
According to the FIRS, the Nigeria Tax Administration Act (NTAA), set to take effect in January 2026, mandates the use of a Tax ID for specific transactions.
The Service emphasized that this requirement is not new, noting that it has existed since the Finance Act of 2019 and has now been reinforced under the NTAA.
“The Tax ID unifies all Tax Identification Numbers previously issued by the FIRS and State Internal Revenue Services into a single identifier,” the Service said.
“For individuals, your NIN automatically serves as your Tax ID, while for registered companies, your CAC RC number is used. You do not need a physical card, as the Tax ID is a unique number linked directly to your identity.”
The FIRS explained that the new system aims to simplify taxpayer identification, eliminate duplication, prevent tax evasion, and ensure fairness by making sure all individuals with taxable income contribute their share.
The Service also urged the public to ignore any misinformation about the reform, assuring Nigerians that the updated tax framework is intended to enhance efficiency and transparency in tax administration.
Breaking News
‘Poverty Is Never Nigeria’s Destiny ‘ – SDP Chieftain, Adebayo Blasts Tinubu Govt
The Social Democratic Party, SDP, presidential candidate, Adewole Adebayo, has again slammed the administration of President Bola Tinubu over the level of hardship in the country.
In a post on his verified X handle on Tuesday, Adebayo said poverty is not Nigeria’s destiny, lamenting that poverty is the consequence of policy failures and poor leadership.
Adebayo stated that Nigeria could reverse its economic fortunes through what he described as the right government, clear priorities and deliberate planning.
The SDP’s presidential candidate pointed out that despite three years of economic reforms, millions of Nigerians continue to struggle with rising hardship and reduced purchasing power.
“Poverty is not Nigeria’s destiny. It is the result of failed leadership and it can be defeated with the right government, the right priorities and the right plan,” Adebayo stated.
Breaking News
Breaking News: NDC Approves key Appointments Amid Growing Crisis
The Nigeria Democratic Congress, NDC, has approved the appointments of Agada Abuh Theophilus as Director of New Media and Strategic Communications and Brian Dennis as Deputy Director of New Media and Strategic Communications.
The appointments were announced in a statement issued by the party’s National Publicity Secretary, Osa Director.
“The Nigeria Democratic Congress (NDC) has approved the appointments of Agada Abuh Theophilus as Director of New Media and Strategic Communications, and Brian Dennis as Deputy Director of New Media and Strategic Communications
“The party is excited to welcome both appointees and looks forward to the energy, expertise, and fresh perspective they bring to its communications efforts. The NDC is confident that their leadership will strengthen the party’s voice and deepen its engagement with Nigerians across every platform,” part of the statement read.
According to the statement, Theophilus is a strategic communications professional with experience in political campaigns, corporate brand management, institutional public relations and new media.
He is an Associate of the Nigerian Institute of Public Relations, holds a Master’s degree in Development Communications and is currently pursuing a PhD focused on election administration and management.
Dennis, the statement added, is a communications analyst with seven years of experience in strategic and political communications. He holds a Master’s degree in Peace and Conflict Resolution.
The NDC said the appointments are expected to strengthen the party’s communications structure and enhance engagement with Nigerians across various platforms.
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