N546.5b Economic losses FG lifts Twitter Ban After 222 Days

After 222 days and N546.5 billion in economic damages, the Federal Government has finally removed the Twitter ban in Nigeria.The ban was lifted Friday by Kashifu Inuwa Abdullahi, Director-General of the National Information Technology Development Agency (NITDA).President Muhammadu Buhari has authorised the removal of the prohibition, Abdullahi stated.

Prof Isa Ali Ibrahim, Minister of Communications and Digital Economy, has written to the President requesting clearance. In the Memo, he said the Minister briefed the President on the lifting recommendation of the Technical Committee Nigeria-Twitter Engagement. Commensurate with President Buhari’s “violation of the company’s abusive behaviour policy,” Twitter suspended its operations on June 4, 2021.

N546.5b Economic losses FG lifts Twitter Ban After 222 Days

On June 5, 2021, Nigerians awoke to a Twitter outage across all platforms, thanks to telecoms corporations.With the ban lifted, President Buhari announced the lifting of the suspension in his Independence Day celebration address on October 1, 2021. Many headlines mislead readers into thinking the unbanning was quick.

The restriction cost Nigeria N104.02 million ($250,600) every hour, increasing the daily loss to N2.46 billion.The economy has already lost N546.5 billion in the 222 days since the social networking site was shut.

A reputable business source told The Guardian yesterday that lifting the ban was prudent since the ECOWAS Court was due to rule on the lawsuit brought by the Social Economic Rights and Accountability Project (SERAP) next week.

The Guardian reported last year that despite estimates of 40 million Twitter users, research indicated just 3.05 million prospective viewers for ads on the microblogging network.

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