On October 7, a local cloud provider in Nigeria joined other homegrown options offering affordable alternatives to global giants like Microsoft Azure and AWS. Many Nigerian startups are opting for local cloud services due to the rising costs of foreign options, especially after the devaluation of the naira.
The shift towards local cloud services is also driven by the flexibility of naira payments and the impending requirement for companies to store data within Nigeria. This shift may lead to increased investments in data centers across the country.
Nigeria’s data center market is expected to grow significantly, with more investments planned in data center infrastructure. With the increasing demand for local cloud services, the potential market share for homegrown providers is a key question for the future.