After the federal government had suspended Twitter on June 4, the nation has lost N247.61bn.
According to the NetBlocks Cost of Shutdown Tool, the blockade costs Nigeria’s economy N103.17m ($250,600) every hour.
It has been 2,400 hours since the FG banned Twitter.
Recently, the Presidency through the Minister of Information and Culture, Alhaji Lai Mohammed, said it was close to an agreement with Twitter and would soon lift the ban.
Nigeria is a member of an exclusive list of countries such as China, Iran, and North Korea where Twitter is banned. Since the ban, the use of Virtual Private Networks has risen.
A firm, ExpressVPN had said that it recorded an increase of over 200% in web traffic from Nigeria since the Federal Government banned microblogging site.