Highlight

Tech Giants Pay N2.55trn in Taxes to Nigeria – NITDA

780

The National Information Technology Development Agency (NITDA) has disclosed that global digital companies, including Google, Meta, X (formerly Twitter), TikTok, and Microsoft, paid N2.55 trillion (approximately $1.5 billion) in taxes to the Nigerian government in the first half of 2024.

The development marks a significant boost in government revenue from the digital economy sector.

NITDA made this announcement in a statement released on X on Wednesday, titled “NITDA Commends Tech Giants for Adhering to Code of Practice.”

Persecondnews reports that the agency attributed the revenue surge to increased compliance with Nigeria’s tax regulations by foreign digital platforms operating within the country.

The statement, signed by Mrs. Hadiza Umar, NITDA’s Head of Public Affairs, cited data from the Federal Inland Revenue Service (FIRS) and the National Bureau of Statistics (NBS).

“This significant increase in revenue underscores the role of robust regulatory frameworks in shaping compliance and driving revenue growth in the digital economy,” the statement said.

NITDA also provided updates on content moderation efforts by the social media platforms in 2023.

The agency revealed that approximately 12.1 million Nigerian accounts were deactivated for various policy violations, while 65.8 million pieces of Nigerian content were removed for breaching platform rules.

In addition, 4.126 million user complaints from Nigerians were registered by the platforms.

Of these, 379,433 pieces of content were initially removed but later reinstated after successful appeals by the content creators.

NITDA commended Google, X, Microsoft, TikTok, and other platforms for adhering to the Code of Practice for Interactive Computer Service Platforms and Internet Intermediaries.

The Code, jointly issued by NITDA, the Nigerian Communications Commission (NCC), and the National Broadcasting Commission (NBC), aims to enhance online safety and address harmful content effectively.

The agency praised the platforms’ efforts to uphold user safety, urging continued collaboration and innovation to tackle emerging digital challenges.

“The 2023 compliance report provides valuable insights into the platforms’ efforts to address user safety concerns in line with the Code of Practice and community guidelines,” NITDA said.

The agency emphasized that while progress has been made, maintaining a safer and more responsible digital space requires sustained commitment from all stakeholders.

Leave a comment

Related Articles

Normalcy Restored As Workers Back at FCTA Secretariat After Strike

The Federal Capital Territory Administration (FCTA) Secretariat has returned to full operation...

2027 Election Prep on Track Despite Electoral Act Delays – INEC Chairman Amupitan

In spite of the National Assembly’s delay in passing the amended Electoral...

NRC Alleges Oyo Local Govt Chairman of Vandalizing Railway Assets Worth Millions

The Nigerian Railway Corporation (NRC) has condemned the destruction of multi-million naira...

Counter-Terrorism & Strategy: Why U.S. Special Forces Are in Nigeria – Gen. Anderson

To decisively tackle terrorism in West Africa, the United States has dispatched...

Lagos Assembly Orders Halt to Makoko Demolitions Amid Standoff with Gov. Sanwo-Olu

A major rift has emerged between the Lagos State House of Assembly...

Just In: Terrorism & Arms Charges: DSS Arraigns ex-AGF Malami, Son

Former AGF Abubakar Malami and his son, Abdulazeez, have been remanded in...

“No Deal”: Presidential Claimant Fernando Dias Rejects Guinea-Bissau Junta’s Transition Plan

By Paul Ejime Dr Fernando Dias da Costa, who claimed victory in...

UK Prosecutors Reveal Diezani Spent £140k on Luxury Furniture in One-Day Shopping Spree

As the trial of former Nigerian Petroleum Minister Diezani Alison-Madueke continues in...

“Democracy Forbids It”: Falana Argues Against Court-Martial for Soldiers in Alleged Coup

Mr. Femi Falana (SAN), prominent human rights lawyer, has argued that military...

“I Can Account for My Wealth”: Malami Petitions Court to Vacate Forfeiture Order

Former Attorney General of the Federation and Minister of Justice, Abubakar Malami...

Bonga FPSO Shutdown for Maintenance, Nigeria’s Oil Output to be Affected

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the shutdown of...

Traders Count Losses as Fresh Fire Ravages Kano’s Singa Market

Barely two months after a crippling fire outbreak, Singa Market in Kano...

Tragedy in Abuja: Rising Music Star Ifunanya Dies After Snake Bite

A bright light in Nigeria’s music scene has been extinguished. Ifunanya Nwangene,...

Ademola Lookman Set to Join Atlético Madrid in €40m Deal

Nigerian forward Ademola Lookman is poised to join Atlético Madrid in a...

Ogun Gov. Abiodun to Unveil State-Owned DisCo, New World Bank-Power Projects, Mini-grids

Ogun State is gearing up for a major power boost with the...

Kano Secures ₦1trn Rail Project After Governor’s High-Profile Defection to APC

Barely 48 hours after joining the ruling All Progressives Congress (APC), Kano...

Emefiele’s Trial: Ex-CBN Director Admits to $2.5m ‘Gift’ Linked to $6.2m Election Logistics Fund

Bashirudeen Maishanu, a former Deputy Director of Banking Supervision at the Central...

“Selective Payouts”: Dozens of ‘Concerned’ Lawyers Demonstrate at Finance Ministry, Abuja

Lawyers representing the Concerned Lawyers for Probity and Justice protested at the...

Historic Milestone: Sarah Mullally Confirmed As First Female Archbishop of Canterbury

History was formally etched into the foundations of the Church of England...

17 Days to Go: Access Bank Lagos City Marathon Unveils Key Details

With the 2026 Access Bank Lagos City Marathon just 17 days away,...