Over N150 billion have been lost by businesses in Nigeria in the last 61 days since the ban of Twitter by the federal government took effect.
The federal government banned Twitter on June 5, 2021, over allegations of sabotaging national interest and fueling secessionist agenda.
According to calculations by NetBlocks Cost of Shutdown Tool, businesses in the country lost N150.46 billion ($366.88m).
It said 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, Eurostat and U.S. Census.
