There is palpable fear across the social and economic strata of Nigeria as the countdown to the January 2 date set by the Federal Government for all Nigerians to ensure their bank accounts have their Tax Identification Number (TIN) or risk being blocked. Most Nigerians spoken to on the preparedness for the commencement of the policy in less than two weeks’ time, described the policy as draconian, urging government to look for other ways to ensure people pay their taxes.
Many said that they are not even aware that their accounts will be blocked by January 2 if it does not have their TIN numbers. Speaking, Mr Chinazo Ibeneche, a spare parts trader at Ladipo Market Lagos, said: “I pay my tax, I have my TIN but what of my old mother and father in the village? Read more