With the ban on the micro-blogging platform, Twitter, Nigeria’s economy has suffered a significant N499.32bn loss in just 200 days.
The Big Picture.
The ban on Twitter in Nigeria started on the 4th of June, after the platform took down President Buhari’s tweet. According to the platform, the tweet was proactive. Although President Muhammadu Buhari announced in his October 1st speech that the social media app would soon regain access in the country, Nigerians still cannot use the app without VPN.
Statistics by NetBlocks show that for every hour that passes, Nigeria’s economy loses N104.02m. Therefore, for the 4,800 hours (200 days) Twitter hasn’t worked in Nigeria, the economy has lost N499.32bn.
Minister of State for Labour and Employment, Festus Keyamo, has recently said that Twitter has fulfilled all the requirements of the Federal Government to resume operations in the country.