The digital economy, valued in trillions of dollars, represents a growing universe of people and enterprises. Interestingly, it refers to governments, producers, and consumers that conduct business through the internet, fixed and mobile broadband infrastructure, cloud computing, digital platforms, and more. It also includes well-established technology and media sectors, e-commerce, and digital banking. It incorporates industries that use digital tools such as email and social media to digital design and Artificial Intelligence for agriculture, manufacturing, transport, tourism, health, and education.
For consumer-focused campaigns, community engagement, and targeted communication, social media platforms – Facebook, Twitter, Instagram, TikTok, etc. —have been the most transformational and culture-defining tools in the digital landscape, including its massive effect in growing and influencing commerce, while also offering significant benefits for marketing businesses. African businesses have gained from these features and popularity. In 2021, it is estimated that 45% of the population in northern Africa use social media, 41% in southern Africa, 8% in central Africa, 10% in eastern Africa, 16% in western Africa.
The internet has become part of everyday life not just in Nigeria but all over the world. Social media use in Nigeria continues to grow. However, Digital Reports 2021 reports that in a country with 208.8 million citizens, only 33 million are active on social media, which is just 15.8% of the nation’s population. The report found that WhatsApp is the most active social media platform in the country with over 93% of users, Facebook at 86.2%, YouTube is third at 81.6%, Instagram at 73.1%, Facebook messenger at 67.2%, and Twitter steadily rising at 25.5%.
Interestingly, studies reflect a much more personal and emotional connection to Twitter use. Users are 38% more likely to post opinions about brands and products than other social media users; 71% of Twitter users say they use the network to get their news; 85% of small and medium business users use Twitter to provide customer service; 93% of Twitter community members are open to brands getting involved if done so in the right way; Twitter’s timeline generates +31% higher emotional connection,) and +28% higher levels of memorability versus the social media average. Watch time on Twitter has also increased 72% year-over-year, and users spend 26% more time viewing ads on Twitter than on other leading platforms. A study also revealed 92.23% of UN member countries had some Twitter presence.
For Nigeria, the platform recently ground to a halt – at least, officially. On Friday, 4 June 2021, the federal government announced that it has “indefinitely suspended” Twitter’s operations in the country. The statement, which was posted on the Ministry of Information and Culture’s official Twitter handle on Friday evening, accused the American social media company of allowing its platform to be used “for activities that are capable of undermining Nigeria’s corporate existence.”