Nigeria Data โCenter โMarket Attracts Potential $671 Million Investment from China
LAGOS, NIGERIA – Nigeria’s burgeoning data center market โis poised for significant expansion with potential investment reaching $671 million, โคaccording to a recent report by Mordor โขIntelligence. While the full โscope and terms of the โขinvestment remain undisclosed, the prospect has drawn interest from Chinese technological โcompanies and investors.
The mordor Intelligence report, “Nigeria Data โCenter Market:โค Size โฃ& Share Analysis โค- Growth Trends & Forecasts Up to โค2030,” highlights a market driven by demand โfor complete โฃand flexible solutions โintegrating reliableโฃ connectivity, directโ access to โขcloud suppliers, robust infrastructure,โค and stable power. Key players currently operating in the Nigerian data center space include Africa โฃdata Centers (Cassava Technologies), Digital Realty (Medallion Communications LTD), MDXI (BOI EQUINIX MAINONE), andโข WiOCC. Telecom operators MTN and Airtel Africa are also expanding into the โsector.
Success โขin the Nigerian market, theโค report states, hinges on investing in a skilled workforce, โขinnovating with advanced security and cooling solutions, and fostering strong relationships with authorities and telecom partners.”The โfuture success willโข depend on โthe ability to anticipate and adapt to the changingโ customer โneeds, especially in fields such as EDGE Computing and hybrid cloud solutions,” the report reads.โค “Operators must โฃbalance theirโค expansion plans with market demand while maintaining operational efficiency and quality โof service, โฃwhich constitutes a critical aspect of the management and operation of data centers.”
Last July, Mr.โ Tegbe announced China’s commitments to invest $20 โขbillion in key sectors of Nigeria,โ thoughโฃ the specificโ allocation for data centers is yet to be โpersistent. Theโค reaction of Chinese technologicalโค companiesโ and the exact investment amount are still pending.