The National Information Technology Development Agency (NITDA) says X, Google, Microsoft, and TikTok paid N2.55 trillion in taxes to Nigeria in the first half (H1) of 2024.
NITDA, in a statement signed by Hadiza Umar, its director of corporate communications and media relations, on Tuesday, said according to data from the Federal Inland Revenue Service (FIRS) and the National Bureau of Statistics (NBS), the foreign digital companies contributed N2.55 trillion as taxes.
According to NITDA, the contributions from the digital platforms significantly increased its revenue.
The agency also commended the technology companies for complying with the code of practice for interactive computer service platforms/internet intermediaries.
NITDA said the code, issued jointly by the Nigerian Communications Commission (NCC), National Broadcasting Commission (NBC), and the agency, outlines clear guidelines for promoting online safety and managing harmful content.
“Data from the Federal Inland Revenue Service (FIRS) and the National Bureau of Statistics (NBS) reveal that foreign digital companies, including interactive computer service platforms and internet intermediaries (such as social media platforms) operating in Nigeria, contributed over N2.55 trillion (approximately $1.5 billion) in taxes in H1 2024,” NITDA said.
“This significant increase in revenue underscores the role of robust regulatory frameworks in shaping compliance and driving revenue growth in the digital economy.”
