Twitter, Facebook, Other Social Media Platforms Must Pay Tax – Lai Mohammed

The Federal Government has said all social media platforms – Twitter, Facebook, and others must register in the country.

This was disclosed by the Minister of Information and Culture, Lai Mohammed, adding that it was part of the move of the government to regulate the social media platforms.

The Minister said this on Wednesday in Abuja while having a brief with journalists after the weekly Federal Executive Council meeting.

“What we are saying is that for all platforms, you must register in Nigeria. You must be a corporate entity before you can do business in Nigeria.

“Whether it is Netflix, Iroko, or Facebook…they are all doing business in Nigeria, making money and they are not paying taxes. This is in addition to being able to regulate them. They are making billions of naira out of this country and they are not paying tax. That can’t be allowed to go on,” the Minister said.

He also listed the conditions for the platforms to be registered.

“Our conditions are layout – To do business in Nigeria they must register as Nigerian companies.

“They must be licensed and they will have to refrain from using the platform for activities that are inimical to the growth of Nigeria.”