Acting President, Prof. Yemi Osinbajo, on Thursday, June 29 signed an Executive Order to Back the Voluntary Asset and Income Declaration Scheme.
The signing of the Executive Order was done during the formal launch of the VAIDS scheme at the Banquet Hall of the State House.
It was witnessed by the Minister of Finance, Mrs Kemi Adeosun, Governors of Ogun, Kaduna, and Zamfara among others.
The Acting President said the new initiative is targeted at increasing tax awareness and compliance, as well as grant tax payers a time-limited opportunity to regularise their tax status without penalty.
He said the scheme to be jointly executed by the Federal and State Governments, would concentrate on the obligations of all Nigerian companies and citizens to pay their taxes, wherever their income is earned, wherever they reside and no matter how rich they are