- Facebook, Google, and other tech and social media platforms have paid about N2 trillion in taxes to the Nigerian government
- The development follows the 2020 Finance Act signed by the previous administration
- The Act mandates foreign firms with significant presence and making money in naira to pay taxes to the country
Tech companies and other social media platforms such as Facebook, Google, Twitter, Netflix, and other foreign companies operating in Nigeria paid over N1.98 trillion in taxes to the Nigerian government in 15 months.
The amount includes both Company Income Tax and Value Added Tax, which are based on data from the National Bureau of Statistics (NBS).
