Nigeria is seeking up to $750 million in private investment over two years to expand its cloud and data infrastructure, according to a government official. The Federal Government aims to position the country as a regional hub for computing, hosting, and digital services across Africa.
The initiative, reported by Justice Okamgba, would involve partnerships with private investors to build and upgrade data centers and cloud capacity. The government believes this will boost digital sovereignty, create jobs, and attract international tech companies.
As of August 2026, no specific projects or investors have been named. The plan aligns with Nigeria's broader digital economy strategy, which includes increasing broadband penetration and supporting local tech startups.
Analysts note that Nigeria faces challenges such as unreliable power supply and security concerns, but the country's large market and growing tech ecosystem make it an attractive destination for data infrastructure investment.
