Nigerian Businesses Lost Over N10trn To Twitter Ban – LCCI


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

This was made known by Dr Chinyere Almona, Director-General, LCCI, in a statement on Friday, January 14, in Lagos.

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

“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.

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