Info.ThePreachersPortal.Org
ThePreachersPortal General Information Blog

LCCI Boss Says Twitter Ban Cost Nigeria As Estimated N10.72 trillion In 7 Months

LCCI Boss Says Twitter Ban Cost Nigeria As Estimated N10.72 trillion In 7 Months

0

LCCI Boss Says Twitter Ban Cost Nigeria As Estimated N10.72 trillion In 7 Months

- Advertisement -

LCCI Boss Says Twitter Ban Cost Nigeria As Estimated N10.72 trillion In 7 Months

According to the Lagos Chamber of Commerce and Industry, the cost of Nigeria’s seven-month Twitter ban is projected to be N10.72 trillion.

According to NAN, Dr Chinyere Almona, Director-General, LCCI, made the announcement in a statement on Friday in Lagos.

ALSO, READ President Buhari Lifts Twitter Ban After 7 Months & Billions

The LCCI also encouraged the FG to provide an enabling regulatory framework that allows global technology companies to reach their full potential while remaining profitable in the long run.

“The Federal Government’s press announcement communicating the lifting of the suspension of Twitter activities in Nigeria is warmly accepted and praiseworthy,” Almona stated in her statement, addressing the lifting of the Twitter ban and several other issues.

LCCI Boss Says Twitter Ban Cost Nigeria As Estimated N10.72 trillion 

 

“According to Netblock’s Cost of Shutdown Tool, the cost of the seven-month shutdown of Twitter operations in Nigeria is projected to be N10.72 trillion (26.1 billion dollars).”

ALSO, READ Former Oyo State Governor Chief Alao-Akala Is Dead

Digital platforms, according to Almona, have evolved into a viable instrument for business operations and governance in connecting with a diverse audience and enhancing digital transactions.

She stated that the Information and Communications Technology sector is currently one of the economy’s development drivers, despite the fact that more activities of digital platforms are adding to the industry’s potential.

 

“As a result, we urge the government to create an enabling regulatory environment that supports global technology companies in realizing their full potential and remaining profitable in the long run,” she said, adding that improving Nigeria’s digital infrastructure from a policy standpoint would boost healthcare delivery, agric-technology, learning, e-governance, and fintech.

- Advertisement -

Leave a Reply