The Nationwide Identification Quantity (NIN) consists of 11 distinctive numbers randomly chosen and assigned to each citizen and authorized resident from age zero on the completion of enrolment into the Nationwide Identification Database (NIDB).
The NIN is used to tie all data about a person within the database and can also be your private identifier; you will have to make use of it for a lot of different transactions — principally something that entails a credit score verify or background verify.
The advantage of the NIN to a person:
It helps present correct data about precise residing/useless individuals in each area of the nation
It helps preserve monitor of precise transactions in addition to motion of individuals inside and in a foreign country
It helps verify which people are in precise want of specific Authorities companies, e.g. age and retirement affirmation for pensioners.
On the subject of entry to important companies (passport issuance, banking companies, land transactions, insurance coverage companies, pension, medical health insurance, cost of taxes, voter’s registration, client credit, and all Authorities companies), your NIN turns into essential for:
slicing down the time wanted for verifying paperwork to correctly determine you with the intention to entry the companies you require
lowering errors in allocation of companies to the best individuals
prevention of fraud (419) the place another person impersonates you
verification of the actual identification of different individuals you go into monetary or enterprise transactions with and even individuals you want to make use of similar to home assist
guaranteeing you’re correctly recognized when receiving well being companies, e.g. verifying the precise blood varieties of blood donors at hospitals
Verification of voter eligibility throughout elections.
Even exterior the nation, your NIN stays useful whether or not you’re travelling or are a part of the Nigerian diaspora:
You possibly can simply determine your self with different proud Nigerians overseas
The Nigeria Authorities would have extra correct statistical knowledge of its residents residing overseas, helpful for harnessing extra expertise and expertise
Identification verification utilizing the NIN would allow simpler discovery of relations and associates worldwide
Senders and receivers of cash and items/companies may be recognized, verified and traced as wanted, enabling safe worldwide transactions.