Following the federal government announcement that effective from January 2020 Nigerians are required to produce their Tax Indentification Numbers (TIN) before they can operate existing or new accounts, ActionAid Nigeria (AAN) has said the development should be reviewed considering the level of unemployment in the country.
The Country Director of ActionAid Nigeria (AAN) Ene Obi stated this at the National Tax Summit organised by ActionAid Nigeria in collaboration with Tax Justice and Governance platform in Abuja Tuesday.
According to her, the level of unemployment in the country is high and will be very difficult for an unemployed Nigerian to generate a TIN.
She urged that Nigerians who already have a Bank Verification Number (BVN) should be allowed to harmonise it with their TIN.
She further urged the FG should take the idea for consultation and look at whether the idea is sellable or not.
Ene said the country should be able to make it Tax work for Nigerians especially those who earn very little.
“ If money for taxes are harnessed enough and widened by means of industrialisation to create jobs for the masses, the money can work for us,” she said.
She explained that the summit is seeking to look at people with multiple taxation, the issue of increase in VAT and more cooperate companies that can widen their tax base.
Also, the Assistant General Secretary of the Nigeria Labour Congress (NLC) James Eustace proffered that the best way to go is to widen the tax network and explore all possibilities to ensure that big businesses , big cooperation pay their correct share of taxes.
According to him, these will ensure that effective regime are reviewed and implemented constructively, so that Nigerians can get benefit for it.