Major global tech companies, including Google, Meta, X (formerly Twitter), TikTok, and Microsoft, contributed ₦2.55 trillion ($1.5 billion) in taxes to the Nigerian government in the first half of 2024. The National Information Technology Development Agency (NITDA) announced this milestone in a statement on Wednesday, citing data from the Federal Inland Revenue Service (FIRS) and the National Bureau of Statistics (NBS).
NITDA highlighted that the implementation of robust regulatory frameworks has improved tax compliance among foreign digital platforms operating in Nigeria. The platforms, categorized as interactive computer service providers and internet intermediaries, are now adhering to tax regulations, significantly increasing government revenue.
“This significant increase in revenue underscores the role of robust regulatory frameworks in shaping compliance and driving revenue growth in the digital economy,” said Hadiza Umar, NITDA’s Head of Public Affairs.
Beyond tax compliance, social media platforms took substantial measures to address harmful content and ensure user safety in Nigeria. NITDA disclosed that approximately 12.1 million accounts belonging to Nigerians were deactivated in 2023 for violating platform rules.
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Additionally, platforms removed 65.8 million Nigerian posts that contravened their policies. Among these, 379,433 posts were appealed by Nigerian users and subsequently reinstated. Social media platforms also reported receiving over 4.1 million registered complaints from Nigerian users during the year.
NITDA commended platforms such as Google, X, Microsoft, and TikTok for complying with Nigeria’s Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries. The Code, developed by NITDA in collaboration with the Nigerian Communications Commission (NCC) and the National Broadcasting Commission (NBC), outlines guidelines to promote online safety and manage harmful content.
“The 2023 compliance report provides valuable insight into the platforms’ efforts to address user safety concerns in line with the Code of Practice and community guidelines,” the agency said.
While applauding these achievements, NITDA stressed the need for continued collaboration and innovation by tech companies to tackle emerging challenges and ensure a safer digital environment.
“NITDA remains committed to working with stakeholders to strengthen and enhance user safety measures, digital literacy, trust, and transparency,” the agency stated.
This development marks a significant step in Nigeria’s growing digital economy, showcasing the importance of effective regulation and international cooperation in fostering compliance and increasing public revenue. It also reflects efforts to create a safer and more responsible online space for Nigerian users.