President Bola Tinubu is set to forward an executive bill to the National Assembly seeking an amendment to the National Identity Management Commission (NIMC) Act.
The bill proposes mandatory registration for all residents of Nigeria, including foreign nationals, ensuring that they are issued a National Identity Number (NIN) for taxation purposes.
This announcement was made in Abuja on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, alongside Senior Special Assistant on Digital Strategy, Engagement, and Communications, O’tega Ogra.
The proposed bill is part of a broader set of economic stabilization measures approved during Monday’s Federal Executive Council (FEC) meeting. According to Onanuga, the FEC approved about 20 bills aimed at strengthening Nigeria’s economy, including amendments to the laws governing the Nigerian Port Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA).
Onanuga further explained that these amendments are designed to ensure that transactions with these key maritime agencies are conducted in Naira, reinforcing President Tinubu’s strategy to promote the use of Nigeria’s national currency and reduce reliance on foreign exchange, particularly the U.S. dollar. These measures align with the administration’s efforts to stabilize the economy and curb the “dollarization” of Nigeria’s financial landscape.
