…To lose more than N2.1 billion every day.
Nigeria has lost over N4.4 billion as the ban on the operations of social networking platform enters day three.
A UK-based global internet monitor, Netblocks, revealed this development, saying that Nigeria is poised to lose much more if the ban is not lifted.
It noted that Nigeria will lose N90.7 million every hour and more than 2.1 billion every day. The data-focused platform estimated the economic cost of internet disruptions on its cost of shutdown tool platform.
According to Netblocks, the figure was achieved by using the booking institution methods, which relied on development indicators, approximated digital economy extent of 0.05 and classic free app GDP impact technique to arrive at its findings.
With over 40 million Twitter users in Nigeria blocked from the social networking platform, youths in the country have been finding a way around it by turning to virtual private network (VPN) apps to access the social media platform.
However, the Attorney General of the Federation, Abubakar Malami has threatened that the government would arrest and prosecute any citizen fund to still be using twitter in spite of the ban.