TWITTER BAN: Over N10tn Lost By Nigeria Businesses -LCCI

The Lagos Chamber of Commerce and Industry (LCCI) says Nigerian businesses lost an estimated N10.72 trillion to the seven-month Twitter ban.

The disclosure was made by Dr. Chinyere Almona, Director-General, LCCI, in a statement on Friday.

“The Federal Government’s press statement conveying the lifting of the suspension of Twitter operations in Nigeria is well received and commendable.

In business terms, the cost of the seven-month shutdown of Twitter operations in Nigeria is estimated to be N10.72 trillion (26.1billion dollars) according to Netblock’s Cost of Shutdown Tool,” she said.

Reacting to the LCCI’s statement, some social media users slammed the government for the ban, while others questioned the N10tn figure lost by Nigerian businesses

Here are some reactions gathered by GreenWhiteGreen

@adachi_xo Bubu doesn’t care… he’s own is that make everybody go farm ?

@chroniclesofanigerianfeminist How do y’all calculate these figures? What data sources, what basis and assumptions are used? Or is this based on rough estimates? Because I don’t understand

@mazichiko Because one man’s ego was bruised

@nitrg How much come be our total revenue. ???

@petite_ace ???ha ahnnn no too dey lie Nigerians wey been dey use vpn

@kemshotpot_ng Yes because the president’s ego is more important to them than the country’s economy!!

@broda_henry That what our incompetent leader wants, to drown us in poverty, but God will continue to disappoint him!

@zarapearls na wetin the Government kuku want be that na

@misschidel Shebi the government are happy now

@okuovara13 ??? If you believe this you not smarter person

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