 The world, as I say, is constantly changing and along with it accepted ways of doing practically everything, including the management of economic and financial systems. As international boundaries dissolve under the reality of a globalizing world and as financial and economic activities increasingly transcend geographical limitations, tax administration itself must of necessity continually adapt. Tax administration is built around data without credible and comprehensive data and efficient tax system would simply be impossible. And to function optimally, tax systems have to be aware of the important statistics, important data, the numbers of eligible individuals, the volumes of business, the volumes of economic activities, the designs and strategies to take advantage of these available data are also crucial. And this is where the necessity for a proper identification of eligible taxpayers, whether they be individuals or corporate entities, comes in. A tax identification number is simply a vital instrument for uniquely identifying as well as registering new taxpayers and to bring them into the tax bracket. I thought the trauma team did an excellent job of explaining just how important this is for every type of business, whether it is chiefs business or largest business or e-gways business, whichever business, every one of them must come into that tax bracket and makes life so much easier for everybody who is doing business, whether it is local or international. It gives the managers also of the national tax administration systems the capacity to conveniently and efficiently access and collect information from multiple sources. It forms a basis for projecting future revenues and for making realistic expenditure plans for governments. So the new chain registration system will utilize existing data from a variety of authorized identity management agencies and help build a database that is reliable and verifiable. And I just elaborate a little more on that. At the moment we have data from corporate affairs, from the corporate affairs, from the identity management systems even from telecommunications companies. All of that data is relevant for tax purposes. So what this does is that it brings all that data together in one particular system which is our tax identification number. Every one of that data is now coordinated in one, so the ultimate outcome is increased revenues for government and of course the ease of doing business for practically every business man or woman who must now be registered and who must now have an identification number. And this of course as you know helps in every way to fund investments, social investments, human capital development and more. I'm pleased to note that this new initiative aligns fully with the federal government's strategic objectives as contained in our economic recovery and growth plan and all of the other documents which are meant to power along Nigeria's economic development. Metsha must also be made of how this new team system supports our ease of doing business and we could emphasize a bit more. The increased automation of tax systems simply frees up room for businesses small and large to thrive away from the strictures of the unnecessary bureaucracy along that. I think we heard also from the drama system how this reduces the possibilities of discretion and the possibilities of petty corruption people asking for money here and there. An easy operating environment will have positive implications for corporate personal lives as well and a positive impact on tax revenues. I think by all of this what we seek to achieve is really to attract business not just international business but even more importantly local business. It is local investments that develop and economy the most and if it's easy for the local person to do business it becomes more attractive even for international businesses to come into the country. In the light of the foregoing all the agency is critical to the optimal success of this initiative. The Central Bank of Nigeria, the National Interbank settlement systems, NIPPS, the National Identity Management Commission, NIMC, all of them have been directed by Mr. President to provide the fullest cooperation to the JTB especially in the release of the very last 50 years ago. I think that the joint tax board led by its chairman Mr. Favato de Favla all the partners and stakeholders who have made this possible deserve accommodation for this giant leap. The Nigerian business environment is the better for your hard work and for your continuous innovation. Congratulations. It is now my very special pleasure to proceed to the official launch of the new National Tax Identification Number Administration System. Thank you very much for listening.