Richard Ginika Izuora
A report released by NetBlocks on Sunday, June 6, has revealed that the suspension of Twitter operations in Nigeria by the federal government will cost the country N2.18 billion per day.
The organization warned of its huge cost implications for the economy.
NetBlocks, a data-driven online service; estimated the economic cost of internet disruptions on its cost of shutdown tool (COST) platform.
The platform, built on Brookings Institution and CIPESA methodologies, estimates the economic cost of internet shutdowns; mobile data blackouts; and social media restrictions using public economic indicators relating to the global digital economy.
Checks on the COST platform show that a single-day total internet shutdown will cost the country about N48.6 billion in economic value; relating to the global digital economy.
According to the data, if Nigeria shuts down WhatsApp; Facebook; Instagram; YouTube; as well as Twitter, it will lose N10.9 billion daily.