While the Nigerian government has taken a drastic measure to ban Twitter activities in Nigeria, this move will not come with its own consequences.
Prominent economic groups and experts are already speaking of the economic woes and consequences the Twitter ban would have on the Nigerian economy.
The NESG, a private sector-led think-tank, and economic experts, have been quick to point out that a ban on Twitter activities would kill the interest of foreign investors wanting to do business in Nigeria and take a negative toll on the country’s digital ambition. The group is of the view that the ban would further compound Nigeria ‘s economic woes. They went further to state that it would lead to further job losses for Nigerians.
The President, Association of Small Business Owners of Nigeria, Mr Femi Egbesola, lamented the adverse effect the ban would have on small and medium-scale enterprises.
Egbesola said, “SMEs would no longer be able to advertise their products and services on Twitter. This ban would disrupt the tens of thousands of small businesses that create more than 70 per cent of the nation’s employment.
He said, “Twitter might have been at fault for censoring the President’s tweet, but the government should consider the positive side. The ban would affect employers and may lead to the loss of jobs which would worsen the unemployment woes of the country. We appeal to the government to reconsider the ban.”
The Chief Executive Officer, NESG, Mr. ‘Laoye Jaiyeola, said, “The impact of Twitter ban on Nigerian economy is not good. Generally, some of us will want to believe that the President must have been ill-advised on the ban. The digital space is one area that we have every potential to grow as a national, given the fact that a number of our people that do not have work at least are able to carry out some legitimate work on the social media”.
It was gathered that so far, Nigeria has lost over two billion naira in revenue since the ban took effect. This is disastrous to the national economy age with such economic loss, we hope that there are no worst days ahead.