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Monday, 31 August 2026 Reading Room

Tech

FG targets $750M private investment for cloud infrastructure – SGF

The Federal Government has unveiled plans to target $750 million in private sector investment for local cloud and data infrastructure over the next 24 months, alongside the rollout of a nationwide 90,000-kilometre fibre optic network. Secretary to the Government of the Federation, George Akume, made this disclosure on Monday at the GITEX 2026 Government Leadership Read More:…

punchng.com ·

FG targets $750M private investment for cloud infrastructure – SGF

The Federal Government of Nigeria has announced plans to attract $750 million in private investment for local cloud and data infrastructure over the next two years, alongside the construction of a 90,000-kilometre fibre optic network. The announcement was made by the Secretary to the Government of the Federation, George Akume, at the GITEX 2026 Government Leadership & AI Summit in Abuja.

The initiatives are part of President Bola Ahmed Tinubu's strategy to transform Nigeria from a technology consumer to a global exporter of digital solutions. The new National Digital Cloud Policy aims to position Nigeria as a competitive location for cloud and data services not only within West Africa and Africa but also globally.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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