FG unveils national cloud policy, targets $750m investment in 24 months

By Progress Godfrey The Federal Government of Nigeria has unveiled a National Digital Cloud Policy aimed at attracting $750 million in private investment into Nigeria’s cloud and data infrastructure within 24 months.“The National Digital Cloud Policy therefore provides a balanced framework — one that promotes investment and competition, strengthens indigenous capability, modernises Government and applies sovereignty requirements only where they are genuinely necessary.”The policy, unveiled by the Federal Ministry of Communications, Innovation and Digital Economy, on Monday, is designed to expand local cloud and data centre capacity, create jobs, strengthen indigenous digital capability and position Nigeria as a regional digital services and hosting hub.