• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Wednesday, June 25, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Communication

Senator Nwoko advances reasons for bill to compel social media giants to build offices in Nigeria 

by NewsNet Nigeria
3 months ago
in Communication, News
Senator Nwoko’s bill for physical offices for Social Media platforms passes first reading

Senator Ned Nwoko (Delta North)

Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

By Abel Johngold 

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

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.

ALSO READ  Senator Nwoko felicitates President Tinubu at 73

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.

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.

ALSO READ  APC National Chairman backs creation of Anioma State

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

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.

ALSO READ  African Descendants Citizenship bill sponsored by Senator Nwoko passes first reading

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

Previous Post

Fubara takes refuge in Bayelsa Government House

Next Post

Rivers emergency rule a civilian coup d’état – Ozekhome

MORE NEWS

Tinubu, Jonathan, Akpabio, Others Set for Chief Wellington Okirika Biography Launch on June 26
Celebration

Tinubu, Jonathan, Akpabio, Others Set for Chief Wellington Okirika Biography Launch on June 26

June 25, 2025
Delta: Native Doctor Arrested for Concealing Firearms in Ceiling
Crime

Delta: Native Doctor Arrested for Concealing Firearms in Ceiling

June 24, 2025
Ogwashi-Uku palace invasion trial begins at Federal High Court in Asaba
Crime

S’Court Dismisses Second Attempt At Appeal By Dieyi Family In Ogwashi-Uku Royal Dispute

June 24, 2025
Olu of Warri Receives Onu Igala Delta State, Applauds Ancestral Ties Between Itsekiris and Igalas
Local News

Olu of Warri Receives Onu Igala Delta State, Applauds Ancestral Ties Between Itsekiris and Igalas

June 20, 2025
Next Post
Rivers emergency rule a civilian coup d’état – Ozekhome

Rivers emergency rule a civilian coup d’état - Ozekhome

Leave Comment

RECENT STORIES

Tinubu, Jonathan, Akpabio, Others Set for Chief Wellington Okirika Biography Launch on June 26

Tinubu, Jonathan, Akpabio, Others Set for Chief Wellington Okirika Biography Launch on June 26

June 25, 2025
Arthur Akpowowo’s Performance As Member Representing Ethiope East & Deputy Speaker Of DTHA

Arthur Akpowowo’s Performance As Member Representing Ethiope East & Deputy Speaker Of DTHA

June 24, 2025
Delta: Native Doctor Arrested for Concealing Firearms in Ceiling

Delta: Native Doctor Arrested for Concealing Firearms in Ceiling

June 24, 2025
Ogwashi-Uku palace invasion trial begins at Federal High Court in Asaba

S’Court Dismisses Second Attempt At Appeal By Dieyi Family In Ogwashi-Uku Royal Dispute

June 24, 2025
‘Tehran will shake’, says Israeli Finance Minister as Iran reportedly breaks ceasefire

‘Tehran will shake’, says Israeli Finance Minister as Iran reportedly breaks ceasefire

June 24, 2025

TRENDING STORIES

  • IGP Warns Against Name-Calling, Social Media Protests Over Ward Delineation in Warri Federal Constituency

    IGP Warns Against Name-Calling, Social Media Protests Over Ward Delineation in Warri Federal Constituency

    0 shares
    Share 0 Tweet 0
  • Olu of Warri Receives Onu Igala Delta State, Applauds Ancestral Ties Between Itsekiris and Igalas

    0 shares
    Share 0 Tweet 0
  • Urhobo group dismisses calls for cancellation of Warri Federal Constituency ward delineation, slams Isokos as meddlesome interlopers

    0 shares
    Share 0 Tweet 0
  • Delta North APC roars, dissolves Forum of LGA Chairmen and Forum of APC Ward Chairmen, reaffirms endorsement of Senator Nwoko

    0 shares
    Share 0 Tweet 0
  • Oborevwori’s wife debunks viral video on Ugbori quintuplets, highlights support

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.