E-Business
Layer3 Charts Course for Data Localization, Cloud Adoption in Nigeria

Leading IT professionals from across Nigeria converged at the Transcorp Hilton Hotel, Abuja, recently to discuss the country’s need to take charge of the data it generates, and drive the adoption of cloud technologies by Government, Security Agencies and Indigenous businesses.
The event was hosted by Layer3, a leading IT services provider, in conjunction with VMware, a global leader in cloud computing and virtualization. It was themed The Benefits of Data Sovereignty and Harnessing the Power of Cloud.
Speaking at the event, Oyaje Idoko, CEO of Layer3, explained that countries across the world were increasingly holding data generated by their citizens in data centers located within their borders.
According to him, organizations in Nigeria’s public and private sectors could benefit from making a similar move. “The whole notion about where your data resides is something we need to take very seriously,” he said.
“There’s been a lot of talk about data being the new oil. If we say that data is the new oil, why would we want someone else to be in custody of our ‘oil’?”
Mr. Idoko noted that the country was disadvantaged in many respects because of its failure to locate vital IT infrastructure locally. He expressed the belief that the local economy could make significant gains by leveraging home-grown IT facilities instead of relying on foreign cloud service providers.
“We see the impact of this in the amount of foreign exchange leaving the country as payment for these services. But we have the infrastructure to provide these services locally. We think it’s important to take charge of what is our own.”
In addition, he said “We are a local company and we understand the complexities of the technology, cost, operations, support, experience and so on involved in deciding on a cloud strategy. We are available to help our clients through the decision making process so they can get more out of their CAPEX spend. What is more, we offer the flexibility to our clients to manage their workloads across multiple infrastructure with ease.”
Also, at the event, Muhammad Rudman, CEO, Internet Exchange Point of Nigeria, emphasized the savings that could be made by Nigeria if it utilized local datacenters. He linked the high cost of internet service provisioning and user experience in Nigeria to the limited number of such supporting infrastructure within the country.
“We pay so much for internet because the cloud that supports it is not within Nigeria, but in some other country. The farther away we are from the cloud, the more it costs to access the services it supports. We can avoid these costs by hosting data locally.”
On his part, Niyi Osibeluwo, Head Cloud Solutions at Layer3, said that the company was tackling the issues raised at the event. He revealed that Layer3Cloud, Layer3’s innovative cloud services, which runs out of multiple data centers within the country, was designed and built to help private and public sector organizations benefit from cloud services.
“Our infrastructure was designed using best-in-class technology from Vmware” he explained. “Our cloud services allow organizations to manage their virtual estates at the touch of a button. Configuration, real-time changes, capacity and pooling of resources can all be done on-demand via our secure self-management portal.”
Layer3 is a data infrastructure and cloud service provider that allows businesses and organizations of all types to remotely and virtually build, manage, store and instantly deploy their servers and data in secure data centers based in Nigeria.
VMware is a global leader in cloud infrastructure & digital workspace technology, offering cloud computing and virtualization services to companies across the world.
E-Business
TeKnowledge, Equinix Partner to Advance Nigerian Digital Infrastructure

TeKnowledge and Equinix announced a partnership to accelerate secure hybrid and multi-cloud adoption and enable AI-ready digital infrastructure across the region.

Nigeria’s digital transformation is accelerating rapidly, with the digital economy being a significant contributor to the country’s gross domestic product (GDP).
As demand for cloud services, AI adoption, digital payments and data-driven innovation continues to accelerate across West Africa, the partnership is positioned to advance the region’s digital transformation.
By combining Equinix’s in-country and global data centre infrastructure and secure interconnection capabilities with TeKnowledge’s expertise in designing, deploying and managing AI, data, customer experience and cybersecurity solutions, organisations can accelerate innovation while maintaining data residency and sovereignty requirements.
Together, the organisations empower enterprises and government institutions to bridge the gap between digital ambition and execution through secure, high-performance digital environments built on local infrastructure and delivered by local talent.
Speaking, CEO and President, TeKnowledge, Aileen Allkins, said: “Organisations across Africa are increasingly looking to modernise their infrastructure while maintaining the performance, security, and compliance required to support growth.
Through our partnership with Equinix, we are combining world-class digital infrastructure with deep local expertise to help customers accelerate cloud adoption, strengthen resilience, and unlock new opportunities through AI and emerging technologies.”
Managing Director of Equinix West Africa, Wole Abu, expressed delight at partnering with TeKnowledge to bring together Equinix’s globally interconnected platform, spanning over 280 data centres and 10,000 customers worldwide.
E-Business
New NIMC Act Strengthens Data Protection, Privacy – Director

Uche Chigbo, coordinating director of Operations, National Identity Management Commission, (NIMC), has said the newly enacted NIMC Act strengthens data protection and privacy, expands identity coverage to include everyone in Nigeria and Nigerians in the diaspora, and provides the legal framework for a secure and trusted digital identity ecosystem.

She said the new law replaces the 2007 NIMC Act, which had become outdated due to rapid technological advancements, evolving cybersecurity threats, the growth of the digital economy, and the enactment of the Nigeria Data Protection Act.
According to her, the updated legislation better positions the Commission to deliver Nigeria’s digital identity agenda and improve access to government and private sector services.
“The Act itself has taken in a whole lot of things to make sure that NIMC is well-positioned to be able to deliver on the identity agenda and program of Nigeria. The area of universal coverage was expanded within the Act so that NIMC can enroll everybody that is within the soil of Nigeria—male, female, children, whether they are IDPs or orphans or whatever it is, and even Nigerians in diaspora.
“There is quite a lot within the Act that over the few days and weeks, even with my Director-General’s courtesy visit, we are trying to sensitize and educate the general public, and also bring awareness to this new Act so that people will know what are the rights that exist within it, what are the obligations, what are the stronger enforcement and penalties that has also been expanded within the Act, and then what are also the regulatory autonomy that has been given to NIMC to make sure that they drive the digital identity ecosystem in Nigeria,” she explained.
“There’s a lot of provisions and changes with the new Act. Um, the NIMC 2007 Act has been operating for close to 19 years now. So, we can see that, um, you can actually say it’s almost obsolete. And then with a lot of technological advancements in the world now, with the enactment of the Nigeria Data Protection Act, and then with also a lot of evolving security challenges, cybersecurity challenges, as well as the ever-growing digital economy, it became very necessary that a comprehensive review of the NIMC Act should be done.
So, that 2007 Act has been repealed and a new NIMC 2026 Act is in place,” she explained.
Chigbo clarified that the National Identification Number (NIN) is Nigeria’s unique identifier and the only valid means of identification for accessing government services.
She added that it enables secure identity verification and improves access to services.
“NIN has been designated as the unique identifier in Nigeria and then by the government of Nigeria establishing it as the only valid means of identification for assessing government services. So, NIN, it’s positioned to be a valuable tool for empowering citizens and legal residents to facilitate access to service delivery in Nigeria. And it’s also a tool for people to be able to prove their identity as they go about their daily businesses,” she said.
Speaking on identity harmonisation across government agencies, Chigbo said NIMC is integrating identity databases to enable Nigerians to access services seamlessly using the National Identification Number (NIN), while other agencies continue to issue functional identities for specific purposes.
“There’s a distinction between a foundational identity and a functional identity. NIMC provides the foundational identity, which answers the question, ‘Who are you?’ Are you a Nigerian or a legal resident? Who are you? That’s what NIMC is providing. All these other agencies that you have mentioned, they provide functional ID, which is an ID that relies on the foundational ID, where they have established who you are and then they are now trying to answer the question, ‘Are you now eligible to have these services? Are you now eligible to benefit from this transaction or scheme?’ So, those are two different distinctions.”
However, Chigbo said NIMC’s mandate is to harmonise and integrate identity systems across government, with the amended Act designating the Commission as the sole repository for biometric data.
“However, NIMC mandate is to make sure that we harmonize and integrate with all these agencies so that you’re one and the same person in any of the databases or registries that you have. The Act that has been expanded and amended also positions NIMC as the only repository for biometric data capture so that we can have effective identity management and coordination in Nigeria.
“So, that harmonization is already happening, the integration is already happening,” she stated.
She also disclosed that NIMC has introduced an online modification portal that allows Nigerians to begin the process of correcting or updating their personal information from the comfort of their homes or offices.
“But also, NIMC we have a modification portal that enables you to sit in the comfort of your home or office to be able to start the process of correction or updates of your data. We already have a self-service modification portal that allows you to make corrections,” she disclosed.
On the cost of obtaining a NIN, Chigbo clarified that enrolment and issuance of the National Identification Number are free.
She, however, noted that some other identity-related services attract approved fees, which are published on the NIMC website and paid electronically through the government Remita platform.
“Enrollment for the issuance of the National Identification Number, NIN, is free. There are other services, identity services that NIMC provide. Those ones have their charges, and those fees and charges are publicized on the NIMC website so that people can see what those charges are. And NIMC does not collect cash. Our transactions and the charges are paid electronically through the government Remita platform,” she said.
E-Business
IMF Keeps Nigeria’s Growth Forecast at 4.1%, Raises Alarm Over Food Inflation

International Monetary Fund (IMF) has retained Nigeria’s economic growth forecast at 4.1 per cent for 2026, while warning that rising prices of essential goods could worsen poverty and food insecurity in the country.

IMF
The IMF made the projection in its July 2026 World Economic Outlook (WEO) Update, released on Wednesday.
According to the report, Nigeria’s Gross Domestic Product (GDP) is projected to grow by 4.1 per cent in 2026 and improve to 4.3 per cent in 2027, with both forecasts unchanged from the Fund’s April outlook.
The IMF also maintained its growth projections for sub-Saharan Africa at 4.3 per cent in 2026 and 4.5 per cent in 2027.
The Fund said Nigeria’s economic outlook continued to benefit from improved macroeconomic stability and favourable terms of trade but cautioned that the rising cost of essential commodities remained a major concern.
“Nigeria is supported by improved macroeconomic stability and favourable terms-of-trade effects, though higher prices for essentials are expected to further aggravate poverty and food insecurity,” the report stated.
The IMF noted that economic performance across sub-Saharan Africa would remain uneven, reflecting differences in policy implementation, reform progress and countries’ exposure to external shocks.
It added that oil-importing and non-resource-intensive economies would likely face increased pressure from rising food and energy prices, while some larger economies continued to benefit from earlier macroeconomic reforms.
Globally, the IMF revised its 2026 growth forecast downward to 3.0 per cent from the 3.1 per cent projected in April but raised its 2027 forecast to 3.4 per cent.
According to the Fund, the downgrade for 2026 reflects the impact of the ongoing conflict in the Middle East, although stronger demand driven by advances in artificial intelligence and technology adoption has helped cushion some of the adverse effects.
Despite the resilience of the global economy, the IMF warned that risks remained tilted to the downside.
It identified renewed trade tensions, geopolitical conflicts and tighter global financial conditions as key threats to economic growth.
The Fund urged governments to rebuild fiscal buffers through credible fiscal consolidation, improved revenue mobilisation, stronger tax administration, efficient public spending and increased investment in infrastructure, skills development and targeted social protection programmes.
It also advised commodity-exporting countries to avoid excessive public spending during periods of high commodity prices.
“Economies benefiting from commodity windfalls and the upturn in the global technology cycle should avoid procyclical spending and save or redeploy gains within a credible medium-term fiscal framework anchored in debt sustainability,” the report stated.
The IMF further called on policymakers to accelerate structural reforms aimed at boosting productivity, strengthening labour markets, expanding digital and physical infrastructure, promoting predictable trade policies and enhancing international cooperation to support sustainable economic growth.
Telecom3 days agoNCC Seeks Cost-Based Pricing Framework for Ducts
E-Financial3 days agoCBN Warns against Rejection of N100 Banknotes
Telecom2 days agoFixed Wired Internet Market Lags as Mobile Gains Ground
News3 days agoFlutterwave Secures Circle Ventures Investment to Deepen USDC Payment
Telecom3 days agoMeta Introduces Muse Image With Advanced AI Image Editing Across WhatsApp and Instagram
News3 days agoHow EFCC Turned Recovered Loot Into School Supplies for Thousands of Nigerian Students
E-Financial2 days agoBVN Enrollments Hit 69.55m- NIBSS
News2 days agoStudy Reveals How Moniepoint is Powering Nigeria’s $11Bn Food Service Sector




















