Twitter’s arrangement with the Nigerian government is expected to be reassessed in the coming months after Elon Musk inked a $44 billion purchase deal with the company yesterday.
Elon Musk had previously offered to buy Twitter for $43 billion in cash, calling it his “best and last” bid for the social media business.
Yesterday, Elon Musk announced a deal to buy Twitter for approximately $44 billion, marking the world’s richest man’s win over the premium social network.
Recall that the Federal Government of Nigeria stopped Twitter activities in June of last year. Nigeria suspended the social networking platform after President Muhammadu Buhari’s post was deleted. Twitter was accused by the federal government of sympathizing with secessionists.
However, after 222 days (seven months) and economic losses of about N546.5 billion, the Federal Government yielded to pressure, lifting the ban.
The FG said the ban was lifted after Twitter agreed to its demands, which included the microblogging platform registering in the country, appointing a designated country representative, complying with tax obligations in Nigeria; enrolling Nigeria in its portal for direct communication between government officials and representatives to manage prohibited content that violates Twitter community rules and respecting extent local laws.
The Minister of Information, Lai Mohammed, had said that Twitter would open its Nigerian office within the first quarter of 2022. Almost a month into the second quarter, nothing of the sort seems to be in the pipeline.
Telecoms analyst, Kehinde Aluko, said there could be a need for the firm to review its agreement with Nigeria, should Elon Musk eventually take over the firm and reshuffle the board as envisaged.
“Of course, whenever there are any management changes, many things come under review. I won’t be surprised if Musk, when he takes over the firm, calls for a review of existing agreements, including that of Nigeria. Twitter also had an issue with China, Russia, North Korea, Myanma, among others. Let us keep our fingers crossed till the deal is sealed, “he stated.
Executive Secretary, Association of Telecommunications Companies of Nigeria (ATCON), Ajibola Olude: “Now that the management will change if Elon Musk buys Twitter, he may call for a review of the agreement the social media platform had with the Nigerian government if he thinks that the agreement will not promote the business of Twitter.”