FG to Capture Foreigners in Tax Net with Proposed NIN Registration

An executive bill seeking to amend the National Identity Management Commission (NIMC) Act is to be forwarded by President Bola Tinubu to the National Assembly.

The bill aims to provide that everybody living in Nigeria, including foreigners must be registered and given the National Identity Number (NIN) so that they can be taxed.

Bayo Onanuga, special adviser to the President on Information and Strategy, revealed this in a statement in Abuja on Wednesday alongside O’tega Ogra, senior special assistant to the President on Digital Strategy, Engagement and Communications.

This is part of the economic stabilization bills approved during the Federal Executive Council meeting held on Monday.

Onanuga said the economic stabilisation bills which are about twenty in number also include bills to amend the Acts establishing the Nigerian Port Authority and the Nigerian Maritime Administration and Safety Agency (NIMASA).

According to him, the two bills seek to ensure transactions by the two agencies are paid for in Naira.

He said the decision is part of measures by Tinubu’s administration to promote the national currency and reduce the dollarization of Nigeria’s economy.