Professor Osinbajo signed the executive order on Thursday morning during the launch of VAIDS at the Presidential Villa in Abuja.
Key government officials, including the Minister of Finance, Mrs Kemi Adeosun, witnessed the signing of the executive order and launch of the scheme, which the acting President said is targeted at increasing tax awareness and compliance.
It will also grant taxpayers a time-limited opportunity to regularise their tax status without penalty.
The Acting President said, “When people pay taxes they pay more attention to what government is doing. There’s a greater level of political and social consciousness.