Since the Federal government shut down the microblogging app 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) per hour. The social networking site has been blocked for 4,800 hours (200 days).
The Federal Government suspended Twitter on June 4 after the social media platform deleted a tweet by President Muhammadu Buhari. Telecommunication companies were ordered to block access to Twitter for their subscribers as part of the suspension.
Buhari hinted 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 conditions for lifting the suspension.
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