Nigeria is dying, losing over N2 billion per day due to Twitter’s ban in the midst of massive unemployment and an economic downturn. According to SaharaReporters, Nigeria loses over N2 billion per day due to Twitter shutdowns in the country.
According to NetBlocks, the total cost impact of the shutdown is $6, 014, 390, with a naira equivalent of N2, 177, 089,051.
The NetBlocks Cost of Shutdown Tool (Cost) calculates the economic impact of an Internet outage, mobile data blackout, or app restriction using World Bank, ITU, Eurostat, and US Census data.
In the meantime, the estimate is for one day.
Nigeria’s unemployment rate recently climbed to the second highest on a Bloomberg-monitored global list of countries.
According to a report released on March 15 by the National Bureau of Statistics, Nigeria’s unemployment rate increased to 33.3 percent in the three months through December.
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It increased from 27.1 percent in the second quarter of 2020 to 29.1 percent in the third quarter of 2020.
According to experts, a large portion of Nigeria’s youth population earns a living through Twitter, and the ban will have an impact on their earnings. will be lost as a result of the ban.
The Nigerian government suspended the operations of Twitter, a microblogging and social networking service, in Nigeria indefinitely on Friday.
As a result, Nigeria has lost over N4 billion since Twitter was banned on Friday.
The suspension was announced by Lai Mohammed, Minister of Information and Culture, in a statement signed by his Special Assistant Segun Adeyemi, citing the “consistent use of the platform for activities capable of undermining Nigeria’s corporate existence.”
According to the Minister, the Federal Government has also directed the National Broadcasting Commission (NBC) to begin the process of licensing all OTT and social media operations in Nigeria as soon as possible.
The development comes after Twitter removed President Muhammadu Buhari’s tweet in which he threatened to punish Nigerians for “misbehaving” in “the language they understand.”
Buhari stated in a tweet on Tuesday that his administration will be “harder” on those hell-bent on destroying the country.
Those who want to destabilize his government, he says, will get the shock of their lives because his administration will do everything in its power to ensure their failure.
The president stated that those who sponsor and orchestrate insecurity in the country do so because they want his administration to fail.
“I received a briefing today from the Chairman of the Independent National Electoral Commission (INEC), on the series of attacks on their facilities nationwide. These attacks are totally unacceptable, and we will not allow those behind them to achieve their evil objectives.
“I receive daily security reports on the attacks on critical national infrastructure, and it is very clear that those behind them want this administration to fail. Whoever wants the destruction of the system will soon have the shock of their lives. We’ve given them enough time.
“I have assured INEC that we will make available to them everything they need to operate efficiently, so that no one will say we don’t want to go, or that we want a third term. There will be no excuse for failure. We will meet all of INEC’s demands.
“In the area of security, we have changed the Service Chiefs and the Inspector-General, and we are demanding that they rise fully to the challenges confronting us. There must be zero tolerance for all those bent on destroying our country by promoting crime and insurrection!
“Many of those misbehaving today are too young to be aware of the destruction and loss of lives that occurred during the Nigerian Civil War. Those of us in the fields for 30 months, who went through the war, will treat them in the language they understand.”
Nigerians reported the President’s Twitter account, interpreting the last part of the thread as a threat to kill the people of the South-East, as the Nigerian government did during the Nigerian Civil War.
Many people reminded Buhari of the consequences of Nigeria’s civil war, which lasted from 1967 to 1970, and said it should not be repeated.
During the war, over 3 million Nigerians died, the majority of whom were Igbo. Millions of people, particularly children, died as a result of starvation.
