The ban on twitter is expected to be lifted any moment from now.
The microblogging platform has met all of the Federal Government’s conditions, per The Nation
Contrary to the widely held initial scepticism that twitter won’t come to the negotiation table, the social media platform has been in judicious negotiations with FG.
A few weeks back, the Federal government made it mandatory that all Over The Top (OTT) services that earn revenue in Nigeria must pay tax to the country.
Platforms like Facebook, Instagram and even Zoom have since informed users that starting in 2022, a 7% VAT will be charged on each transaction.
Being unbanned in Nigeria is particularly important to Twitter because being its largest market in Africa, this sets the tone for so many things.
Once other African nations catch the trend, they will begin banning the platform at the slightest opportunity, thereby messing up its chances of user growth, which is particularly important to investors.
On the flip side, the data the platform gathers by having access to the African market is also important to foriegn advertisers.
According to an anonymous source, per The Nation, Twitter has agreed to set up an office in Nigeria.
In fact, the company is expected to set up an office in 2022.
The brand has also agreed to all of FG’s conditions.
President Buhari on the other hand has agreed to lift the ban, according to the same report.
In September, just three months after the twitter ban, Business Insider reported that Africa’s largest economy lost $600 million to the ban.
In the end, Twitter is a business and will have to do what’s necessary to keep its doors open.
With the exit of Jack from the helm of affairs, hopefully, the restoration we all have been hoping for finally materialises.
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