Data Centre: New Investment To Cut Nigeria’s $100m Loss

Data hosting in Nigeria is set to wear a new face, as one of the country’s leading data centre operators, Rack Centre, is set to pull $100 million into expansion.
 
With more capacity and reliability at the core of this expansion, stakeholders in the country have expressed confidence that more Nigerians would be encouraged to host their data locally, thus reducing the N60 billion the country loses annually to foreign hosting.
 
According to the Nigeria Internet Registration Association (NiRA), the country loses up to N60 billion worth of foreign exchange to other countries every year as payments for web hosting services. Many had blamed the preference for foreign hosting on the high cost of bandwidth to access the sites all year round and high cost of generating electricity, which contributed to the exorbitant fees when servers were hosted in the country…
 
More details through:
https://www.newtelegraphng.com/data-centre-new-investment-to-cut-nigerias-n60bn-loss/
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