The National Information Technology Development Agency (NITDA) has announced that foreign digital companies, including Google, Microsoft, TikTok, and others, paid a total of N2.55 trillion in taxes during the first half of 2024.

This figure was revealed in a statement issued on Tuesday by NITDA’s Director of Corporate Communications & Media Relations, Hadiza Umar. The data was sourced from the Federal Inland Revenue Service (FIRS) and the National Bureau of Statistics (NBS).

NITDA praised companies such as Google, Microsoft, X (formerly Twitter), and TikTok for their adherence to the Code of Practice for Interactive Computer Service Platforms and Internet Intermediaries. The Code, developed by the Nigerian Communications Commission (NCC), the National Broadcasting Commission (NBC), and NITDA, sets guidelines aimed at promoting online safety and managing harmful content.

NITDA also emphasized that the regulatory framework has had a positive impact on government revenue, with digital companies contributing significantly through tax payments. The data showed that interactive computer service platforms and social media companies operating in Nigeria contributed over N2.55 trillion (around $1.5 billion) in taxes during the first half of 2024.

"This impressive revenue growth highlights how effective regulatory policies can foster compliance while driving economic growth in the digital sector," NITDA said.