It has been estimated that Nigeria has lost N132.8bn (approximately $366,88m) after its Federal Government placed a ban on operations on Twitter.
The social media giant was banned by the Federal Government on June 4 and the ban took effect on June 5. The ban came after Twitter took down a tweet from the President of Nigeria, Buhari who made reference to civil war which goes contrary to the regulations of the platform.
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61 days have already passed since the Federal Government banned Twitter. Well, using an online tool called NetBlocks Cost of Shutdown Tool which calculates the cost impact of the ban, it shows that Nigeria has lost $366,877,817 in 61 days.
According to the tool, Nigeria loses $250,600 for every hour Twitter is banned.
The NetBlocks Cost of Shutdown Tool uses indicators from the World Bank, International Telecommunication Union, Eurostat, and the United States Census to assess the economic impact of an internet outage, mobile data blackout, or app restriction in a country.
Nigerians have reacted to the latest development, NaijaOnPoint.compiled some reactions below;
lush_chy wrote: ‘A Government without vision, how can the country grow? We keep loosing and downgrading…smh.”
suumhar wrote: “NO PROBELME. better make them loose. Cos if the gain. Na dem go still loot and chop the money…”
slemzy_official wrote: “They think it was just an ordinary platform not knowing is a money making machine yeye government”
tanko_inuwa wrote: “But can someoneTwitter ban please explain how Nigeria is losing such amount of money through the Twitter ban ??? I thought it’s the Twitter that’s losing money because their product has been banned in the country . Somebody really get it twisted here just like in order to kill a dog you give it a bad name first .”
Source; NaijaOnPoint.com
