Connect with us

BUSINESS

Sen. Nwoko Explains His Bill To Compel Tech Giants To Establish Offices In Nigeria

Published

on

By Abel Johngold

Senator Prince Ned Nwoko has explained why he introduced a bill to amend the Nigerian Data Protection Act, 2023 (SB 650, 2025), a move tailored to protect Nigeria’s digital economy and ensure fair contributions from global tech giants.

The proposed legislation aims to compel social media platforms and digital businesses to establish physical offices in Nigeria, ensuring they pay taxes, create jobs, and comply with Nigerian laws.

Senator Nwoko, known for his strong advocacy for economic and social justice, declared that the bill is long overdue.

According to him, for too long, big tech companies have operated freely in Nigeria, profiting massively while evading accountability.

For years, global tech companies have extracted billions from Nigeria’s digital space without contributing meaningfully to its economy.

Without a physical presence, these companies evade taxation, limit job creation, and provide no local avenue for legal redress. Senator Nwoko’s bill seeks to correct these injustices.

Advertisement

1. Repatriation Through Taxation
Nigeria loses an estimated $10 billion annually in tax revenue because these companies refuse to establish offices in Nigeria.

Over the last decade, the country has forfeited over $50 billion in potential revenue.

The bill is aimed at mandating these platforms to register with the Corporate Affairs Commission (CAC) and pay their fair share of taxes, ensuring that Nigerian funds are reinvested into the economy.

2. Massive Job Creation for Nigerian Youths

With millions of talented young Nigerians seeking employment, the bill proposes that tech companies set up offices and hire Nigerians.

This could generate over 200,000 direct jobs in customer service, content moderation, cybersecurity, and tech development—empowering the youth and driving economic growth.

Advertisement

3. Technology Transfer & Compliance with Nigerian Standards

A local presence would enforce adherence to Nigeria’s data protection and cybersecurity laws while fostering knowledge transfer.

By working directly with Nigerian talents, these companies would help develop the country’s tech ecosystem, bringing global expertise to local industries.

4. Accountability & Legal Redress

Nigerians facing online harassment, defamation, or data breaches currently have no direct recourse against these platforms. This bill ensures that digital companies register legally in Nigeria so that citizens know where to find them and can hold them accountable.

Senator Ned Nwoko pointed out that countries like France, Ireland, and the UK have already implemented similar laws, forcing tech giants to comply, pay taxes, and create jobs for their citizens.

Advertisement

Some nations have even banned non-compliant platforms until they adhere to local regulations.

“If they can do it, why not Nigeria? Are we less of a nation?” Senator Nwoko questioned, emphasizing that this is not about stifling business but about ensuring fairness and economic justice.

The bill, championed by Senator Ned Nwoko, is clear: If you want to do business in Nigeria, you must register in Nigeria, pay taxes in Nigeria, and create jobs for Nigerians.

It’s time for Nigeria to take control of its digital space. With Senator Ned Nwoko leading the charge, the era of unchecked exploitation by big tech is coming to an end.

Continue Reading
Advertisement
Click to comment
FEATURED56 minutes ago

Why Tinubu Fired Saidu Mohammed as NMDPRA Boss, Named Rabiu Abdullahi Umar as Replacement

FEATURED1 hour ago

Tinubu Appoints Bianca Odumegwu-Ojukwu as Substantive Foreign Affairs Minister

FEATURED7 hours ago

JUST IN: Police Orders Dismissal, Prosecution of Officers in Effurun Extra-judicial Killing

FEATURED10 hours ago

Chief Ayirimi Spits Fire on Delta South, Warns Against Using Party’s Platform to Front Sen. Joel-Onowakpo Aspiration Before APC Primaries

NEWS19 hours ago

Serving Councillor in Delta Picks APC Reps Form to Contest Ndokwa/Ukwuani Federal Constituency Election

FEATURED1 day ago

‘Justice Will be Served’ – IGP on Delta Suspect’s Extra-judicial Killing..Calls for Calm

NEWS1 day ago

Olukoyede Tasks Universities on Use of AI in Ethical and Financial Management

Profiled
FEATURED1 day ago

Alleged N76bn, $31.5m Fraud: Arik Air Paid 38% of Foreign Loan to Creditors Before AMCON Takeover – Witness

FEATURED1 day ago

Bauchi Accountant-General, One Other Re-arraigned for Alleged N1.63b Money Laundering

international fraud ring
FEATURED1 day ago

Alleged N27b Fraud: EFCC Presents More Witnesses against Former Governor Darius Ishaku, Yero

NEWS1 day ago

Isoko North Boss Signs N15.7bn Appropriation Bill into Law

FEATURED1 day ago

How Two Women Trafficked 19-year-old-girl to Ivorycoast, Harvested her Womb

FEATURED1 day ago

Police Officer Involved in Extra-judicial Killing of Suspect in Delta Identified, Moved to Force Hqs to Face Disciplinary action

FEATURED1 day ago

Nigeria’s Maintenance Crisis: How DELSU is Fighting Against Systemic Decay – VC

OPINION2 days ago

THE CASE FOR MALIK ITIAKO IKPOKPO: DELTA SOUTH’S MOST VIABLE APC SENATORIAL CANDIDATE, BY GODSPOWER OGORU

Advertisement
Advertisement

z