LCCI reveals Nigeria lost N10.72 trn due to Twitter ban

LCCI reveals Nigeria lost N10.72 trn due to Twitter ban

The Lagos Chamber of Commerce and Industry (LCCI) has revealed that the cost of the seven-month Twitter ban in Nigeria is estimated at N10.72 trillion

This was disclosed by Dr Chinyere Almona, Director-General, LCCI, in a statement on Friday, January 15, in Lagos.

The LCCI also urged the FG to create an enabling regulatory environment that supports global technology companies in achieving their potential and is sustainably profitable.

Also Read: APC lauds Buhari for standing against Twitter’s interference

Addressing the lifting of the Twitter ban and several other matters in her statement, the LCCI DG said, “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.”

Almona also stated that digital platforms have become a viable tool for business operations and governance in engaging with a diversified audience and boosting digital transactions.

She said that currently, the Information and Communications Technology sector is one of the growth drivers in the economy; even as we see additional activities of digital platforms adding more potential to the sector.

“We, therefore, urge the government to create an enabling regulatory environment; that supports global technology companies in achieving their potential and are sustainably profitable,” she said.

Meanwhile, former Kogi West lawmaker, Senator Dino Melaye, has warned Nigerians; against allowing other politicians with poor leadership qualities like President Muhammadu Buhari; to become the next president of the country.

Melaye made his position known on Thursday, January 13; through a post on his verified Facebook page on Thursday, saying “Nigerians can not replace Buhari with Buhari Pro max”.

Melaye also rubbished the presidential ambition of Governor Yahaya Bello of Kogi State; describing it as Papa Ajasco’s TV series.

The post reads, “Yahaya Bello’s dream of becoming President is a continuation of Papa Ajasco’s TV series. Meanwhile Nigerians can not replace Buhari with Buhari Pro max. SDM”.

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