Following Twitter ban, how Nigeria loses over billions daily, massive unemployment, others.
Onyxnews understands from a report by SaharaReporters that Nigeria lost over N2 billion to Twitter shutdown in the country on a daily basis.
This was disclosed by NetBlocks, which put the total cost impact of the shutdown at $6, 014, 390 and it naira equivalent at N2, 177, 089,051.
The NetBlocks Cost of Shutdown Tool (Cost) estimates the economic impact of an Internet disruption, mobile data blackout or app restriction using indicators from the World Bank, ITU, Eurostat and US. Census.
Meanwhile, the estimate is for a day.
Nigeria’s unemployment rate increased to the second highest on a global list of countries monitored by Bloomberg recently.
The jobless rate in Nigeria rose to 33.3% in the three months through December, according to a report published by the National Bureau of Statistics on March 15.
It went up from 27.1% in the second quarter of 2020.
Experts have noted that a good number of Nigeria’s youth population earn their livelihood through Twitter and that such incomes will be affected by the ban.
The Nigerian Government on Friday suspended, indefinitely, the operations of the microblogging and social networking service, Twitter, in Nigeria.
Therefore, Nigeria has lost over N4 billion since it banned Twitter on Friday.