Foreign Firms Pay N3.8 Trillion in Taxes to FG Over Nine Months: Report

Foreign companies operating in Nigeria have paid a total of N3.85 trillion in taxes to the Federal Government in the first nine months of 2024, according to reports. This payment includes contributions from major firms such as Google, Netflix, and Facebook.

In a significant development, foreign companies operating in Nigeria have reportedly paid a substantial amount of taxes to the Federal Government. According to recent data, Google, Netflix, Facebook, and other multinational corporations contributed N3.85 trillion to the nation's coffers between January and September 2024. This substantial payment underscores the growth and expansion of these companies within the country's economy. The reported figure is a testament to the increasing tax revenues generated by foreign businesses operating in Nigeria.