Fending off accusations of targeting the poor, the Federal Government has unveiled a sweeping plan to utilise a central database compiling information from phones, bank accounts, travel records, and business registrations to identify and tax Nigerians currently skirting their obligations.
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, outlined the strategy during the National Summit of Fiscal Responsibility in Abuja today according to Oyedele, the centralised database will leverage the National Identification Number (NIN) for individuals and Business Registration Numbers for companies.
This system, he said, will cross-reference information such as phone spending habits, bank account balances, and travel records to identify potential tax discrepancies.
Oyedele explained that the system will identify an individual who spends N4m on groceries annually across multiple bank accounts but reports only N20,000 in income this inconsistency will trigger a reconciliation process.He emphasised the system would not rely solely on individual reports but utiliss “third-party information” to verify income streams.
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