Nigeria’s economy has lost N499.32bn to the shutdown of Twitter since it came into effect on June 4, 2021.
The Federal Government announced the suspension of Twitter after the social media platform deleted a tweet by the President.
Telecommunication companies had on June 5 blocked access to Twitter after a directive from Nigerian Communications Commission to that effect.
According to the NetBlocks Cost of Shutdown Tool, 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, Buhari hinted that the ban would continue until Twitter registered in Nigeria, had a physical presence, and representation.