CBN, NITDA Advance Sovereign Cloud Implementation, Data Localisation
Emma Okonji The Central Bank of Nigeria (CBN) and the National Information Technology Development Agency (NITDA), in partnership with Africa Hyperscalers, are pushing for Nigeria’s sovereign cloud implementation and data
The Central Bank of Nigeria (CBN) and the National Information Technology Development Agency (NITDA) are working towards the implementation of a sovereign cloud system and data localisation in Nigeria, with a target date of January 1, 2027. This initiative was discussed at a recent forum in Lagos, attended by regulators, financial institutions, and digital infrastructure providers.
The purpose of the discussion was to address the practical steps needed to migrate critical financial data and workloads to secure infrastructure within Nigeria. The National Information Technology Development Agency (NITDA) DG, Kashifu Inuwa Abdullahi, emphasized the importance of digital sovereignty for national resilience and economic security, while CBN Deputy Governor Lamido Abubakar Yuguda highlighted the need for critical payment transaction data to be stored and managed within Nigeria.
Despite the importance of data localisation, Yuguda stressed that it is not a guarantee of security and that financial institutions must also maintain effective cybersecurity, business continuity, disaster recovery, and risk-management arrangements.
Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
