#TwitterBan: Nigerians have lost N111bn – Report

#jaiyeorie 

The suspension of social media giant Twitter in Nigeria has cost the African country the total of N111.03 billion between Saturday, June 5 when the Twitter ban took effect to Monday, July 26, 2021, according to Netblocks statistics.

Nigeria’s federal government announced an indefinite ban on the social media giant on June 4, effective June 5, 2021, after the app deleted a tweet by the president Buhari for violating its policy.

The Jack Dorsey-owned app deleted a post where Buhari threatened the insurrectionists in South-East Nigeria who he claimed has been vandalizing law enforcement establishments in the region.

And according to a report by NetBlocks, Nigeria loses N102.9million ($250,600) for every hour and N2.1billion for every day that the micro-blogging platform is suspended in the country.

It is exactly 51 days after the ban and both parties have failed to resolve their differences leaving Nigerians at the mercy of a virtual private network (VPN) platform to bypass the restrictions effected by telecommunications companies and internet service providers in the West-African country.

According to reports, Nigeria has an estimated 33 million active social media users with 26 per cent on Twitter.

As of the time of this report, the country’s loss has risen by N89.2 billion to a total of N111.03 billion after 51 days, according to the statistics by Netblocks, using the Brookings Institution method which relies on development indicators and exchange rate as of November 2019.

Twitter, on the other hand, has been unaffected by the ban placed by the Nigerian government as it recorded a 74% growth in the second quarter of 2021.

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