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BD Insider 182: Nigeria rakes in over ₦2 trillion from Big Tech taxes

Within 15 months, non-resident digital firms paid over ₦2 trillion to the Nigerian government, according to NBS data. We also provided a roundup of tech happenings.
5 minute read
BD Insider 182: Nigeria rakes in over ₦2 trillion from Big Tech taxes
Photo: L-R: Google Global Vice President (News), Richard Gingras and Nigeria President, Bola Tinubu

It’s the weekend brief and we are here again to take you through one major story that happened this week. We also shared a roundup of some of the noteworthy stories that broke within the week, as well as opportunities for Nigerian graduates and tech founders.

Today’s major story is about the taxes remitted to the Nigerian government by non-resident digital firms like Google, Netflix, and Meta. We have the gist inside.

Still on revenue made by African governments via taxes paid by digital companies, the Ghana Revenue Authority said it collected about $38.7 million in taxes from 110 registered e-commerce businesses in the country within six months.

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This story is for Condia Insiders only.

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Last updated: December 25, 2024

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