According to the Netblocks Cost of Shutdown Tool, Nigeria’s economy has lost N499.32bn to the closure of Twitter since it came into effect on June 4, 2021.
Recall that on June 4, the Federal Government announced the suspension of Twitter after the social media platform deleted a tweet by President Muhammadu Buhari.
Telecommunication companies in Nigeria had on June 5 blocked access to Twitter after receiving a directive from the Nigerian Communications Commission to that effect.
NetBlocks said 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 in October, Buhari hinted that the ban would continue until Twitter registered as a company in Nigeria with 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.
“That recalibration, we have started it and the president graciously added me to the committee.”
