Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has dismissed claims that all Nigerians must obtain a Tax Identification Number (Tax ID) before opening or maintaining bank accounts, stressing that the requirement applies only to taxable persons and businesses. “Banks and financial institutions are required to request a Tax ID from taxable persons. The NTAA, he noted, simply harmonises the system by replacing multiple identifiers with a single Tax ID. Nigerians in the diaspora can also obtain a Tax ID using their NIN for banking or investment purposes in Nigeria. “For most ordinary Nigerians, there is no extra burden because their NIN or CAC number will serve as their Tax ID.