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Nigeria’s $1 Trillion Economy Vision Hinges on Digital Backbone

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L-R: Chief Executive Officer, Open Access Data Centre, Dr. Ayotunde Coker; Director, Legal (Global & Regional Business Affairs), Equinix, Abayomi Adebanjo; Chief Executive Officer, Rack Centre, Lars Johannisson; Ass. Business Editor and panel moderator, Yemi Adepetun; and Convener, Policy Implementation Assisted Forum (PIAFo), Omobayo Azeez, at the 7th PIAFo Summit on Critical National Information Infrastructure held in Lagos on Thursday.
L-R: Chief Executive Officer, Open Access Data Centre, Dr. Ayotunde Coker; Director, Legal (Global & Regional Business Affairs), Equinix, Abayomi Adebanjo; Chief Executive Officer, Rack Centre, Lars Johannisson; Ass. Business Editor and panel moderator, Yemi Adepetun; and Convener, Policy Implementation Assisted Forum (PIAFo), Omobayo Azeez, at the 7th PIAFo Summit on Critical National Information Infrastructure held in Lagos on Thursday.
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Industry leaders at a summit on the implementation of Critical National Information Infrastructure (CNII) framework in Nigeria have established a direct link between Nigeria’s $1 trillion economy ambition and the critical roles of digital infrastructure in the country.

L-R: Chief Executive Officer, Open Access Data Centre, Dr. Ayotunde Coker; Director, Legal (Global & Regional Business Affairs), Equinix, Abayomi Adebanjo; Chief Executive Officer, Rack Centre, Lars Johannisson; Ass. Business Editor and panel moderator, Yemi Adepetun; and Convener, Policy Implementation Assisted Forum (PIAFo), Omobayo Azeez, at the 7th PIAFo Summit on Critical National Information Infrastructure held in Lagos on Thursday.

L-R: Chief Executive Officer, Open Access Data Centre, Dr. Ayotunde Coker; Director, Legal (Global & Regional Business Affairs), Equinix, Abayomi Adebanjo; Chief Executive Officer, Rack Centre, Lars Johannisson; Ass. Business Editor and panel moderator, Yemi Adepetun; and Convener, Policy Implementation Assisted Forum (PIAFo), Omobayo Azeez, at the 7th PIAFo Summit on Critical National Information Infrastructure held in Lagos on Thursday.

During a panel session titled Appraisal of Data Centre Infrastructure Risks in the Scheme of CNII Implementation, they underscored the need for robust investments in data centers, broadband expansion, and cybersecurity.

Moderated by Yemi Adepetun, Assistant Business Editor at The Guardian Newspaper, the session featured insights from top industry executives, who stressed that Nigeria’s digital economy hinges on resilient infrastructure, energy integration, and strategic policy implementation.

Participants are the Chief Executive Officer, Open Access Data Centre (OADC), Dr. Ayotunde Coker; CEO of Rack Centre, Lars Johannisson; and Director of Legal (Global and Regional Business Affairs) at Equinix, Mr. Abayomi Adebanjo.

The panel session formed a part of the just concluded seventh edition of Policy Implementation Assisted Forum (PIAFo) with the theme: “Strengthening Protection of Critical Information Infrastructure through Proactive Implementation and Strategic Coordination.”

Strengthening Nigeria’s Digital Backbone

OADC boss, Coker, highlighted the fundamental role of digital infrastructure in driving economic growth. He pointed out that connectivity, data centers, and power must be aligned to ensure digital resilience.

Dr. Coker acknowledged Nigeria’s recent progress in restoring connectivity through increased subsea cable capacity, citing Meta’s new subsea cable project as a significant boost to global connectivity. However, he stressed the urgency of upgrading outdated subsea cables and fast-tracking infrastructure projects such as the Equiano and 2Africa cables.

With the government’s plan to expand fibre optic capacity by 90,000 kilometers, Dr. Coker emphasized the direct economic impact of broadband penetration, stating that a 10% increase could contribute 2.5% GDP growth. He also noted that while South Africa houses 50% of Africa’s data center infrastructure, Nigeria must scale up investments to bridge the gap and compete on a global level.

“The future of our digital economy depends on the seamless integration of connectivity, power, and data centers,” Dr. Coker asserted, calling for greater collaboration between private and public stakeholders.

Challenges in Execution and Investment

Mr. Johannisson echoed Dr. Coker’s sentiments, applauding Nigeria’s digital progress but warning that execution remains a major hurdle.

He highlighted asset protection policies as a key factor in attracting foreign investments.

Johannisson revealed that every megawatt of data center capacity requires an investment of approximately €12-15 million, with 70 megawatts currently in the pipeline.

He also stressed the importance of decentralizing data centers beyond Lagos to ensure broader access and affordability, especially with the pressing need for edge infrastructure which requires data centre spread across the country.

“If inefficiencies drive up costs, digital services will remain inaccessible to large segments of the population,” he warned.

Looking ahead, Johannisson emphasized the need to maintain cost-effective infrastructure investments to achieve Nigeria’s broadband penetration target of 80% by 2030.

Security, Power, and Government Support

Meanwhile, Abayomi Adebanjo, Director of Legal (Global and Regional Business Affairs) at Equinix, focused on the intersection of digital infrastructure and national security.

He underscored the vulnerability of critical networks to cyber threats and called for stricter security measures at both physical and digital levels.

Adebanjo also identified major gaps in Nigeria’s Critical National Information Infrastructure (CNII) framework, urging the government to take a more active role in enforcing protection programs.

He cited persistent issues such as fiber cable theft and legal obstacles in prosecuting offenders as deterrents to investment.

Recognising the significant power demands of data centers—comparable to large industrial operations such as the Dangote refinery—Adebanjo advocated for incentives such as designated special zones for data centers and priority access to electricity.

“Ireland is a prime example of how a stable regulatory and power supply environment can attract foreign direct investment,” Adebanjo noted, urging Nigerian policymakers to adopt similar strategies.

The Path Forward

The discussions at PIAFo underscored that Nigeria’s ambition to achieve a $1 trillion economy hinges on its ability to create a conducive environment for data centers and digital infrastructure growth.

In his opening remarks, Convener of PIAFo, Mr. Omobayo Azeez, stressed the need for concerted efforts among stakeholders to protect existing infrastructure and attract new investments to secure the digital future of the country.

Industry leaders agreed that increased broadband penetration, strategic investment, and supportive government policies are critical to bridging the digital divide and ensuring long-term sustainability.

With a growing commitment from both public and private sectors, Nigeria stands at a pivotal moment in its digital transformation journey—one that will define its economic trajectory for decades to come.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Celebrating African Creativity: Made by Africa, Loved by the World’ Returns for Its Fifth Year

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The “Made by Africa, Loved by the World” campaign is back for its fifth year, celebrating African creativity and global influence. This year’s theme, “Where Culture Meets Connection,” highlights how social media fosters conversations around cultural moments worldwide.

The campaign features three cinematic films premiering on the Meta Africa page, showcasing the groundbreaking work and personal stories of six dynamic African creatives.

These artists, from Nigeria, Kenya, Ghana, and South Africa, represent diverse disciplines, including rap, animation, dance, photography, fashion, and videography.

Here are some of the featured talents:

  • Ladipoe (Nigeria) – A BET-nominated rapper known for blending global hip-hop with African rhythms.
  • Fatboy Animations (Kenya) – An animation studio founded by Michael Muthiga, recognized by Forbes for its original African storytelling.
  • Lisa Quama (Ghana) – A dancer who gained fame after appearing in Beyoncé’s “Already” music video.
  • Gilbert Asante (Ghana) – A photographer and creative director featured in GQ and Glam Africa.
  • David Tlale (South Africa) – A fashion designer whose bold designs have been showcased at major fashion events, including the Met Gala.
  • Ofentse Mwase (South Africa) – A filmmaker with over 24 international awards for his unique visual storytelling.

Kezia Anim-Addo, Communications Director for Africa, Middle East & Turkey, emphasized that the campaign not only celebrates individual success stories but also showcases how culture and social media drive meaningful connections and inspiration.


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Telcos Warn of Nationwide Telecom Blackout over Diesel Shortage

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Mr Tony Emoekpere, president, ATCON
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Association of Telecommunications Companies of Nigeria (ATCON), has raised the alarm over a diesel supply crisis caused by an ongoing strike by the National Union of Petroleum and Natural Gas Workers (NUPENG).

Telcos Warn of Nationwide Telecom Blackout over Diesel Shortage

Mr Tony Emoekpere, president, ATCON in a statement said that the fuel supply disruption is critically affecting telecom base stations, pushing them to the brink of a shutdown and threatening millions of mobile and internet users in the region.

“This strike, which stems from the persistent harassment of tanker and petroleum product drivers by police officers in Lagos State, has effectively halted all truck loading operations and fuel movements,” Emoekpere stated.

He explained that diesel supply to telecom infrastructure has been severely impacted, leaving critical sites with dangerously low fuel levels.

According to him, if urgent measures are not taken, the situation could escalate into a full-blown network blackout, disrupting essential services, including mobile and internet access, business operations, emergency response systems, and daily communications.

ATCON has called on the governors of Lagos and Ogun states to intervene immediately by facilitating the release of diesel from depots to telecom operators to prevent further deterioration of the situation.

“This is not just a telecom issue—it is a national emergency that could cripple economic activities and compromise public safety,” Emoekpere stressed.

The association also appealed to security agencies and petroleum unions to resolve the crisis swiftly to safeguard Nigeria’s connectivity and economic stability.

ATCON emphasised that a prolonged disruption in fuel supply to telecom infrastructure could have far-reaching consequences for both businesses and individuals who rely on stable communication networks for daily operations.

 

 

 


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Nigerians Spend N5.3 Trillion on Telecom Services

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In 2023, Nigerians spent a total of about ₦5.3 trillion on telecommunications services, which includes calls, data, SMS, and other telecom services, according to the Leadership.

Nigerians Spend N5.3 Trillion on Telecom Services

Specifically for voice calls, Nigerians made approximately 408.5 billion minutes of local calls, generating around ₦3.28 trillion from outgoing calls and ₦3.23 trillion from incoming calls, totaling about ₦6.51 trillion in call-related revenue according to projections based on 2023 call volumes and tariff data.

However, the ₦5.3 trillion figure represents the overall telecom sector revenue, with voice calls being a major component but also including data and other services.

For individual spending, MTN subscribers spent an average of ₦2,508 monthly on voice calls in 2023, showing a 14.4% increase from 2022, while Airtel customers spent about ₦1,694 monthly on voice calls.

Total telecom spending (calls, data, SMS, etc.): ₦5.3 trillion in 2023

Estimated revenue from voice calls alone: around ₦6.5 trillion based on call minutes and tariffs

Average monthly spending on calls per subscriber: ₦1,694 to ₦2,508 depending on the network

 

 

 


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