As it is all known that On Friday, June 4 2021, the operations of Twitter, a microblogging platform was suspended in Nigeria.

The announcement was made by Lai Mohammed, the minister of Information and Culture.

According to the minister, the microblogging and social networking platform has been used persistently “for activities that are capable of undermining Nigeria’s corporate existence”.

“The Minister said the Federal Government has also directed the National Broadcasting Commission to immediately commence the process of licensing all OTT and social media operations in Nigeria,” a statement by the minister’s Special Assistant on Media, Segun Adeyemi read.

The suspension came barely two days after the president’s tweet was deleted from the microblogging platform.


Billions Lost By Nigeria Businesses

Since the Twitter ban, a report has stated that Nigeria businesses may have lost N150.46bn ($366.88m).

reports says that 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 report said.

The figure was gotten after NetBlocks Cost of Shutdown Tool estimated 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, Eurostat and U.S. Census.

The report also mentioned some business owners who complained on how the Twitter ban affected their businesses badly

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