Revealed How Nigeria Lost Over N132.8bn In Two Months of Twitter Ban

Revealed How Nigeria Lost Over N132.8bn In Two Months of Twitter Ban.

Truetells Nigeria reports that the Nigeria is estimated to have lost N132.8bn ( approximately $366,88m) since Twitter was banned in Nigeria by the Federal Government.

The Federal Government banned Twitter in Nigeria on June 4 and the ban came into effect on June 5. It’s been 61 days since the ban came into effect.

Calculating the cost impact of the ban on the NetBlocks Cost of Shutdown Tool shows that Nigeria has lost $366,877,817 in 61 days.

According to the tool, Nigeria loses $250,600 for every hour Twitter is banned.

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.