How Nigeria plans to stop $850m annual cloud revenue drain

Businessday | 21-05-2026 08:22am |

The Nigerian government is taking significant measures to address the estimated $850 million that local businesses spend each year on foreign cloud infrastructure. This initiative aims to encourage the development and utilization of local cloud services, thereby retaining revenue within the country. By fostering a more robust domestic cloud ecosystem, Nigeria seeks to enhance its technological capabilities and promote economic growth. The government's strategy includes collaboration with local tech companies and investment in infrastructure to support this transition.

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