Nigerian Economy Loses N499.29bn Following Twitter Ban After 200 Days.
Since the Federal government took down the microblogging platform Twitter on June 4, 2021, the Nigerian economy has lost N499.29 billion.
According to the NetBlocks Cost of Shutdown Tool, the Twitter ban costs Nigeria’s economy N104.02 million ($250,600) every hour. The social networking site has been banned for 4,800 hours (200 days).
The Federal Government suspended Twitter on June 4 after the social media platform erased a message from President Muhammadu Buhari. Telecommunication firms were ordered to ban access to Twitter for their subscribers as part of the shutdown.
Buhari intimated during his Independence Day speech that the ban would remain in place until Twitter was registered in Nigeria, had a physical presence, and was represented. Festus Keyamo, the Minister of State for Labour and Employment, recently announced that Twitter had agreed to the nation’s terms for lifting the ban.