Nigeria Launches Cloud Policy to Attract $750M Investment

The Federal Government of Nigeria has introduced a National Digital Cloud Policy, unveiled by the Federal Ministry of Communications, Innovation and Digital Economy on Monday. The policy aims to attract $750 million in private investment within 24 months and position Nigeria as a significant cloud computing and data-hosting hub for West Africa and the broader African market.

Minister Bosun Tijani stated that the initiative seeks to transition Nigeria from being a consumer of foreign cloud services to a competitive location for infrastructure, investment, skills, and digital service exports. The government will maintain an open market for both domestic and international cloud providers while implementing targeted sovereignty requirements to protect sensitive public data.

The policy focuses on four main areas: investment and market development, regional digital service exports, government cloud transformation, and digital sovereignty and security. It includes fiscal, regulatory, and investment facilitation measures for qualifying cloud and data infrastructure projects.