About N247.61bn has been lost by Nigeria as the Federal Government extended the Twitter ban in the country to 100 days.
Recall that on June 4, the Federal Government had suspended Twitter after the social media platform deleted a tweet by President Muhammadu Buhari.
This decision was followed by telecommunication companies blocking access to Twitter after receiving a directive by the Nigerian Communications Commission.
This led to the Association of Licensed Telecommunications Operators of Nigeria saying : “We, The Association of Licensed Telecommunication Operators of Nigeria wish to confirm that our members have received formal instructions from the Nigerian Communications Commission, the industry regulator, to suspend access to Twitter.
“ALTON has conducted a robust assessment of the directive in accordance with internationally accepted principles.”
According to the NetBlocks Cost of Shutdown Tool, the blockade costs Nigeria’s economy N103.17m ($250,600) every hour as it has been 2,400 hours since the FG banned Twitter.
Recently, the Presidency through the Minister of Information and Culture, Alhaji Lai Mohammed, said it was close to an agreement with Twitter and would soon lift the ban.
Note that Nigeria belongs to the exclusive list of countries such as China, Iran, and North Korea where Twitter is banned.
Since the ban, the use of Virtual Private Network(VPN) has gained massive patronage as it reportedly recorded an increase of over 200 per cent in web traffic from Nigeria since the Federal Government ban.