Nigeria's Data Localization to Boost Digital Economy Growth
The CEO of Galaxy Backbone stated that data localization in Nigeria is a strategic initiative aimed at enhancing the country's position in the digital economy. This move is expected to strengthen digital sovereignty, improve regulatory oversight, and control critical infrastructure.
The CEO highlighted that local hosting will drive demand for data centers, cloud infrastructure, cybersecurity services, and digital skills, leading to increased investment and job creation. Galaxy Backbone has established Uptime Certified Tier III and Tier IV data centers and is in the process of acquiring a third data center in Lagos.
The organization aims to provide secure and reliable digital infrastructure to support Nigeria's financial services industry in complying with regulatory requirements. The CEO noted that while Nigeria has made significant progress in developing modern data centers, continuous expansion and modernization of digital infrastructure are essential to meet evolving demands driven by fintech innovation and government digitization.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Investors Target Nigeria's Growing Data Infrastructure Market
CBN's Data Rule Boosts Demand for Local Data Centers
Techeconomy to Host GrowthX Conference on Data Localisation
Open Access Data Centres' Coker Urges Banks to Localize Data
Nigeria Leads West Africa in Data Centre Expansion
Nigeria's Strategic Push for Robust Cloud Infrastructure
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
