Nigeria’s economy has lost N499.32bn to the shutdown of Twitter since it came into effect on June 4, 2021.

On June 4, the Federal Government announced the suspension of Twitter after the social media platform deleted a tweet by the President, Major-General Muhammadu Buhari (retd.). Telecommunication companies had on June 5 blocked access to Twitter after receiving a directive from the Nigerian Communications Commission to that effect.

According to the NetBlocks Cost of Shutdown Tool, Nigeria’s economy loses N104.02m ($250,600) every hour to the ban on Twitter. It has been 4,800 hours (200 days) since the social networking site was blocked.

While giving his Independence Day speech, Buhari hinted that the ban would continue until Twitter registered in Nigeria, had a physical presence, and representation.

Recently, the Minister of State for Labour and Employment, Festus Keyamo, said Twitter had agreed to the nation’s conditions for the suspension to be lifted.

Keyamo, who is also a member of the committee set up to engage Twitter over its suspension, said, “The reason why the President took that step is to recalibrate our relationship with Twitter and not to drive them away from our country.

In a The PUNCH report, a financial planner, Kalu Aja, had said, “The Twitter ban raises a narrative about doing business in Nigeria, and it’s not a good narrative.

“Specifically, Twitter and social media allow Small and Medium-scale Enterprises and sole proprietors with zero marketing budgets but a smartphone to build and communicate a brand promise.”

helinues:
And how much did Twitter lose/miss?

PrinceOfLagos:

Twitter is doing fine without Nigeria

most Nigerian businesses depends on Twitter to survive ...

Na only Nigerian government dey talk about Twitter...
Twitter no get time to discuss Nigeria matter

treesun:


We are using VPN Lalasticlala!

treesun:


We are using VPN Lalasticlala!

ba7man:
The nation has been more peaceful since the Twitter ban.

No idiot can use the platform to spread fakenews, incite the public and coordinate widespread destruction like it was done during Endsars protest.

It's the same clowns that used Twitter to propagate their trash that are still complaining.

Use VPN and spread your filth anongst American audiences now.

SharpestWriter:
It is possible cos Twitter is the fastest growing advertising medium in the world. Marketers have been able to tap into its value by sharing customised content, campaigns and loyalty programs on the platforms to engage more customers and generate income.
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treesun:


So twiter burnt places. Yet during elections, they use twiter!

ba7man:
Please, go learn to read and comprehend and stop asking me daft questions.

treesun:


It was twiter that made okada burnt cars and destroy vehicles at Festac few weeks ago. Bad policy, You will come back to twiter.

ba7man:
Can you compare burning cars in Festac by Okada riders and burning Lagos down by Twitter coordinators and fakenews specialists??

thebosstrevor1:
They will be cooking up numbers because of one American company. It is not as if Twitter is paying tax or they are paying Nigerians. Nigerians are the ones spending all their time and money on the platform.

I am sure Nigeria should have lost a quadrillion dollars because of twitter ban by the end of 2022

PrinceOfLagos:

Twitter is doing fine without Nigeria

most Nigerian businesses depends on Twitter to survive ...

Na only Nigerian government dey talk about Twitter...
Twitter no get time to discuss Nigeria matter

seunmsg:
I thought we all agreed that the ban is not effective since we are all using VPN. How come we are still losing money? Na audio?

vedaxcool:


the VPN is hiding the money once they unhooked the VPN the money will rush in bowa!!!

treesun:


The Oluimo boys that burnt down BRT Bus at Ebute-Meta, Berger, Oshodi how many of them were arrested!