Twitter ban: Nigerians lose N150.46bn in two months

Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on June 5. This figure was calculated based on the NetBlocks Cost of Shutdown Tool. According to the tool, it costs Nigeria’s economy N102.77m ($250,600) every hour to ban Twitter. It has been 1,464 hours (61 days) since the ban. In that time period, Nigeria may have lost N150.46bn. The NetBlocks Cost of Shutdown Tool estimates the economic impact of an internet disruption, mobile data blackout or app restriction in a nation using indicators from the World Bank, International Telecommunication Union,

By |August 5th, 2021|Categories: Business|Tags: |0 Comments
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