Technology and financial sector stakeholders have called for stronger digital infrastructure to support Nigeria’s growing data localisation agenda, stressing that reliable infrastructure will be essential to keeping sensitive financial and digital information within the country. The stakeholders said the policy must be matched with adequate capacity in data centres, cloud computing, electricity and broadband connectivity.
The call was made amid growing discussions around the need for financial institutions and technology companies to store and process more data locally. Industry leaders said data localisation could strengthen data security and regulatory oversight, but warned that inadequate infrastructure could increase operational costs and create challenges for businesses that depend heavily on digital platforms.
They also identified digital identity, cybersecurity, skilled manpower and stronger collaboration between regulators and technology companies as important components of a successful localisation framework. According to the stakeholders, building trust in Nigeria’s digital ecosystem will require not only regulations but also infrastructure capable of supporting secure, reliable and scalable digital services.
The development presents opportunities for Nigerian technology companies operating in cloud services, data centres, cybersecurity and digital infrastructure. As the country deepens its digital economy, industry players say sustained investment in local infrastructure will be necessary to ensure that data localisation supports innovation and economic growth rather than becoming an additional burden on businesses.