News > Nigeria lost $26bn to Twitter ban, businesses say

Nigeria lost $26bn to Twitter ban, businesses say

Times Now | 19/01/2022 11:00 AM | Click to read full article

The seven month shutdown of Twitter cost the Nigerian economy $26.1bn (N10.72trillion) the Lagos Chamber of Commerce (LCCI) and Industry has said. 

As a result of the ban, local businesses lost out both on online revenues and on potential sales to mass audiences. NetBlocks, which estimates the cost of global internet shutdowns, said Nigeria could be losing N103.1 million ($251,000) every hour that Twitter was blocked.