The Joint Revenue Board (JRB) has clarified that Nigerians will not face any restrictions on bank accounts or financial transactions from January 1, 2026, over the availability or non-availability of a Tax Identification number (Tax ID).
In a statement issued on Friday, the JRB said there will be no account limitations, freezes, or transaction barriers linked to Tax ID compliance, countering concerns circulating in public space about possible financial restrictions tied to the tax identification framework.
The Board also stated that no deductions will be made from any bank account on the basis of whether an individual or business has obtained a Tax ID. According to the JRB, banking operations will continue normally regardless of Tax ID status.
As part of its ongoing tax administration reforms, the JRB explained that Tax IDs will be automatically issued to all taxable persons.
For individuals, the Tax ID will be generated using the National Identification Number (NIN), while businesses will receive their Tax ID through their Corporate Affairs Commission (CAC) registration numbers.
The clarification comes amid heightened public concern ahead of the 2026 implementation timeline, with the JRB stressing that adequate systems are being put in place to ensure smooth access and retrieval of Tax IDs without disruption to financial activities.
The Board urged Nigerians to remain calm, noting that the initiative is aimed at improving tax administration efficiency rather than imposing punitive measures on account holders.
The clarification was signed by the Corporate Communications Department of the Joint Revenue Board and dated December 12, 2025.