Nigeria’s economy declines by over N2 billion 24 hours after Twitter ban — Report
The Nigerian economy may have declined by over 2billion Naira in just one day of Twitter ban.
This is if the statistics of Netblocks.org, a mapping internet freedom platform is anything to rely upon.
The platform automatically aggregates cost of shutdown tools and estimates the economic impacts of an internet disruption, mobile data blackouts or app restrictions using indicators from the world bank, ITU, Eurostat and US census as the case may be.
On the case of Nigeria shutting down Twitter, the platform says the country’s economy would be drawn back by N2, 177,089,051 in just one day that it has lasted.
The platform said it relied on 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 conclusion.
Being an artificial intelligent, AI- based study, Netblocks statistics are almost perfect at all times.
The report tallies with reports of several businesses which rely on Twitter to promote their services.