The goal isn’t to spy on account owners, it’s simply to ensure that those earning above a certain threshold are properly taxed. It’s not about stopping you from being rich, it’s about making sure you contribute your fair share like it’s done globally. And for those thinking of bypassing the system by opening multiple accounts, your BVN links all your bank activities, so it won’t work. This move, “if” properly implemented, can boost government revenue and reduce over reliance on borrowing, which benefits the economy in the long run.
They came to impoverish you guys, but No, don’t take your fight to the people wrecking havoc to your lives and livelihood, be focusing on PO. This is just the beginning, because on the issue of taxation, you guys will see worse if this government gets in come 2027!
Tax to GDP ratio about to skyrocket. Nigerians should brace for impact. The question is will all the revenue be put to good use? We are likely to see our politicians buying new and more expensive Foreign SUVs just because revenue has gone up.
The issue is not the taxes, but rather what the taxes are used for. If knowing all the accounts with transactions of 5 million and up helps to better the system, it won’t be resisted. The lack of faith in the government is an indictment of our leaders.
Tinubu APC is all about extortion and looting Nigerians. Just look at this plan, they are not interested in how Nigerians will survive this hardship but to go to private individuals account and collect money for looting
From 2026, Nigerian banks must report any account with over ₦5 million monthly transactions to FIRS.
