09/09/2025
Cont’d-Nigerians in Diaspora:
If you keep Nigerian bank accounts, property, or investments, you must also register for a Tax ID. If you live abroad with no financial ties, you may not be directly affected (Legit.ng, 2025).
Citizens concerns are valid:
As an accountant, I know people worry about:
Mismanagement of tax revenue
Unfair burden on the poor
Confusion at banks and tax offices
Challenges for diaspora Nigerians no:
As a trainee in mental health,I want us to manage expectations:
Yes,this reform will disrupt daily life if not well explained.
Yes,we must demand transparency in how tax is managed.
But it is also part of global best practice,countries like Ghana, Kenya, the UK, and USA already require tax IDs for banking.
Mental Health Tips During This Transition:
1.Stay informed, not overwhelmed, focus on facts, not rumours.
2.Prepare early,register once guidelines open, avoid last-minute panic.
3.Support each other,explain calmly to friends and family, fear reduces when knowledge spreads.
What to do next:
1.Stay calm, stay informed.
2.Watch for guidelines from the Nigeria Revenue Service (NRS) before 2026.
3.Get ready to register (likely via banks, tax offices, or online).
4.Share this with friends and family,don’t let misinformation cause fear.
References:
EY (2025), PwC (2025), Vanguard (2025), Legit.ng (2025), Tunde Adisa (2025), ReganVanRooy (2025).
Love always,
Fausat❤️♥️❤️♥️