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Nigeria: Twitter suspension cost economy $1.2 billion

27/12/2021
Categories: Sectors

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If the populations and the international community denounce an attack on freedoms, this suspension has also affected the Nigerian economy. 200 days after its entry into force, the suspension of Twitter would have cost nearly 500 billion naira (about $1.2 billion) to the Nigerian economy.

In June, the Nigerian authorities announced the suspension of Twitter for an indefinite period. 200 days later, the Cost of Shutdown tool from NetBlocks, an organization that monitors internet usage around the world, revealed that the decision resulted in a loss of 500 billion naira in Nigeria. According to NetBlocks, every hour that the social networking and microblogging platform is suspended costs the Nigerian economy N104.02 million. This brings the daily shortfall to N2.46 billion.

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