{
  "id": 4692486,
  "title": "FG targets $750M private investment for cloud infrastructure – SGF",
  "url": "https://urgent.news/2026/08/31/fg-targets-750m-private-investment-for-cloud-infrastructure-sgf",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-31T18:50:39.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/fg-targets-750m-private-investment-for-cloud-infrastructure-sgf/"
  },
  "original_language": "en",
  "account": "The Federal Government of Nigeria has set its sights on attracting $750 million in private investment for the development of local cloud and data infrastructure over the next two years, as announced by Secretary to the Government of the Federation, George Akume, during the GITEX 2026 Government Leadership & AI Summit in Abuja. This investment target is part of President Bola Tinubu's vision to transform Nigeria from a technology consumer to a global exporter of digital solutions. Akume emphasized that the National Digital Cloud Policy aims to position Nigeria as a competitive hub for cloud and data services within the West African and African markets.\n\nIn addition to the investment push, the government is set to launch a nationwide 90,000-kilometre fibre optic network, which will extend connectivity to every state, local government, and ward across the country. This infrastructure development will be complemented by the deployment of approximately 3,700 telecommunications towers to connect over 20 million Nigerians in underserved communities.\n\nThe government's commitment to digital transformation extends to policy and legal reforms aimed at ensuring data sovereignty. The 3 Million Technical Talent (3MTT) initiative, which has already registered 1.87 million individuals across all 774 local government areas, is designed to cultivate a skilled workforce capable of driving Nigeria's digital economy. Recent legal frameworks, including the recently approved NIMC Act 2026, have strengthened Nigeria's identity management capabilities, solidifying its position as a key player in the digital landscape.\n\nAkume also called on global investors, innovators, and private sector stakeholders attending GITEX 2026 to form strategic partnerships aimed at supporting Nigeria's goal of capturing a $1 trillion AI-driven market by 2035. Director-General of the National Information Technology Development Agency, Kashifu Abdullahi, echoed the government's stance on technological independence, stressing the urgent need for Nigeria to achieve sovereign control over its AI ecosystem. Abdullahi warned against over-reliance on foreign-developed AI algorithms, advocating for Nigeria to build and control its own AI systems, which he described as critical national infrastructure essential for economic growth and security.",
  "summary": "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:…",
  "key_points": [
    "$750 million private investment target for Nigerian cloud infrastructure over two years",
    "Nationwide 90,000-kilometre fibre optic network to connect every community",
    "3 Million Technical Talent (3MTT) initiative to develop skilled digital workforce"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "FG targets $750M private investment for cloud infrastructure – SGF",
        "url": "https://urgent.news/2026/08/31/fg-targets-750m-private-investment-for-cloud-infrastructure-sgf-4692854",
        "published": "2026-08-31T18:52:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}