Home / News / TWITTER BAN: NIGERIA LOSES N24.72 BILLION NAIRA IN 10 DAYS

TWITTER BAN: NIGERIA LOSES N24.72 BILLION NAIRA IN 10 DAYS

Nigeria has lost N24.72bn ($60.14m) in 10 days to the Twitter boycott that produced results on June 5.

As indicated by NetBlocks Cost of Shutdown Tool, Nigeria loses N102.9m ($250,600) consistently to the boycott.

The Federal Government had on June 4, 2021, declared the suspension of Twitter in Nigeria.

The Minister of Information and Culture, Lai Mohammed, had referred to ‘the persevering utilization of the stage for exercises that are equipped for sabotaging Nigeria’s corporate presence as the justification for the suspension.

As indicated by a report by Statista, Nigeria has around 33 million dynamic web-based media clients, with around 26% on Twitter.

At the point when asked how the boycott affected organizations in the country, the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, Ayoola Olukanni, said;

“Communication is a significant part of sales and marketing in this digital age. Consequently, the Twitter ban will likely impact negatively and disrupt businesses especially Micro, Small, and Medium Enterprises that rely on social media, such as Facebook, Instagram including Twitter to conduct business.

“It will therefore most likely negatively impact the IT sector of the economy which is already facing several other challenges.

“While it may be considered that there are alternative social media platforms, the abrupt nature of the suspension would mean a loss of existing contacts and a cost of migration.

“We must of course also not and cannot, discountenance the national security dimension of the misuse of social media and micro-blogging platforms to inspire violence outside its use to conduct business.”

Twitter had contacted the public authority that it was prepared to meet for an open conversation to address common concerns and see the assistance reestablished.

The organization anyway uncovered this in a tweet by saying;

“Today marks one week since Twitter was blocked in Nigeria. We have informed the Nigerian government that we are ready to meet for an open discussion to address mutual concerns and see the service restored”

“We remain advocates for the free and Open Internet everywhere.”

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