Nigeria Data Center Market Attracts Potential $671 Million Investment from China
LAGOS, NIGERIA – Nigeria’s burgeoning data center market is poised for significant expansion with potential investment reaching $671 million, according to a recent report by Mordor Intelligence. While the full scope and terms of the investment remain undisclosed, the prospect has drawn interest from Chinese technological companies and investors.
The mordor Intelligence report, “Nigeria Data Center Market: Size & Share Analysis - Growth Trends & Forecasts Up to 2030,” highlights a market driven by demand for complete and flexible solutions integrating reliable connectivity, direct access to cloud suppliers, robust infrastructure, and stable power. Key players currently operating in the Nigerian data center space include Africa data Centers (Cassava Technologies), Digital Realty (Medallion Communications LTD), MDXI (BOI EQUINIX MAINONE), and WiOCC. Telecom operators MTN and Airtel Africa are also expanding into the sector.
Success in the Nigerian market, the report states, hinges on investing in a skilled workforce, innovating with advanced security and cooling solutions, and fostering strong relationships with authorities and telecom partners.”The future success will depend on the ability to anticipate and adapt to the changing customer needs, especially in fields such as EDGE Computing and hybrid cloud solutions,” the report reads. “Operators must balance their expansion plans with market demand while maintaining operational efficiency and quality of service, which constitutes a critical aspect of the management and operation of data centers.”
Last July, Mr. Tegbe announced China’s commitments to invest $20 billion in key sectors of Nigeria, though the specific allocation for data centers is yet to be persistent. The reaction of Chinese technological companies and the exact investment amount are still pending.
