In a statement, the NESG said rescinding the suspension will
foster inclusive development, global competitiveness, and much faster economic
growth in Nigeria.
The suspension, it said will hurt small businesses and the
inflow of foreign investments.
“Despite the inflow of investment into the digital economy,
overall Foreign Direct Investment (FDI) inflow into Nigeria is yet to achieve
its true potential.
“In the last five years, FDI inflows into Nigeria has
remained around $1billion, according to data from the NBS. This amount is
meagre compared with the inflows of countries such as Egypt, South Africa, and
Indonesia.
“At a difficult time like this, when Nigeria must grow its
economy, plug into the global digital revolution, attract patent international capital
and sustained foreign currency inflow to address our foreign exchange
challenges, the temporary suspension of Twitter in Nigeria sends out a wrong
signal and will stand in the way of our path to rapid economic recovery.
“In addition to the negative effect of the suspension on
investments, small businesses that engage in digital trade will be gravely
affected, raising further concerns on unemployment, poverty, insecurity, and
our economy’s attractiveness.”
Minister of Information Lai Mohammed announced the
suspension of Twitter two weeks ago, after the platform deleted a tweet by
President Muhammadu Buhari it considered “a violation” of its rules.
Mohammed had told people campaigning against the ban for
economic reasons to migrate to other social media platforms.
Since then, he had dredged all manners of issues to
complicate the suspension, though Twitter had written to seek audience with the
government.
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