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100 days after Twitter ban, Nigerian economy loses N247.8bn

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My ministry will create over two million jobs in three years —Minister Lai

Today, September 13, makes it 100 days since the federal government suspended the use of twitter in the country costing the Nigerian economy about N247.8 billion, so far.

On June 5, the Federal Government through the Nigerian Communications Commission (NCC) suspended Twitter few days after it deleted a post made by President Muhammadu Buhari, which was considered to be offensive to the Igbo tribe.

Since the ban, the Nigerian economy has lost N103.17 million ($250,600) every hour, according to NetBlocks Cost of Shutdown Tool.

It has been 2,400 hours since the FG banned Twitter which puts the total amount lost at N247.8billion ($601,439,044) using the exchange rate of N412/$.

Read also: How Twitter ban cost Nigerian economy N153.43bn in two months

In a bid to bypass the ban, the use of Virtual Private Networks has risen with many Nigerians almost forgetting that a restriction currently exists.

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.

A firm, ExpressVPN had said that it recorded an increase of over 200 percent in web traffic from Nigeria since the Federal Government banned twitter.

However, Nigeria is not the only country that has banned its citizens from accessing the microblogging platform; governments of China, Iran, and North Korea have also done so.

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