The National Information Technology Development Agency (NITDA) has revealed that social space companies in the country, including Google, Microsoft, and TikTok, among others, paid a total of N2.55 trillion in taxes to the Nigerian government in the first half of 2024.
NITDA revealed this on Tuesday in a statement issued by its Director of Corporate Communications & Media Relations, Hadiza Umar, citing data from the Federal Inland Revenue Service (FIRS) and the National Bureau of Statistics (NBS).
NITDA also commended Google, Microsoft, X, and TikTok for their compliance with the Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries.
The Code which was issued jointly by the Nigerian Communications Commission (NCC), National Broadcasting Commission (NBC), and NITDA outlines clear guidelines for promoting online safety and managing harmful content.
While highlighting the impacts of the regulatory framework, the agency pointed out that it has boosted the government’s revenue through the payment of taxes by digital companies.
“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.
“This significant increase in revenue underscores the role of robust regulatory frameworks in shaping compliance and driving revenue growth in the digital economy,” NITDA stated.
Providing an update on the level of compliance with the Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries, NITDA said all the digital platforms have been making efforts to address user safety concerns in line with the Code and the platforms’ community guidelines.
The highlight of the overall statistics across all the platforms shows that the platforms received 4,125,283 registered complaints in 2023.
The platforms also generated 65.8 million from content takedown, 379,433 from content removed and re-uploaded after an appeal by users, and, 12.09 million from closed and deactivated accounts.
While commending the progress made, NITDA emphasises the need for continued collaboration and innovation to address emerging challenges and ensure a safer and more responsible digital space.