Local hosting saves Nigeria $40m annual capital flight

Local hosting saves Nigeria $40m annual capital flight   Increase in the number of data being hosted locally in Nigeria is saving the country about $40 million every year, the Chief Executive Officer of Internet Exchange Point of Nigeria (IXPN), Mr. Muhammed Rudamn, has said. According to him, this amount is being saved on local internet traffic, which increased to 60 per cent in 2020 from less than one per cent in 2006. Speaking at a forum organised by the Nigeria Information Technology Reporters Association (NITRA), Rudman said efforts of…

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How Nigeria prevents N22.45bn capital flights on IT – NITDA DG

NITDA unveils policy to drive digital innovation, entrepreneurship

How Nigeria prevents N22.45bn capital flights on IT – NITDA DG     The Federal Government has saved over N22.45bn through the enforcement of the guideline for the clearance of information technology projects in federal public institutions. Director-General, National Information Technology Development Agency, Kashifu Abdullahi, announced this during the NITDA 20th anniversary press conference in Abuja on Monday. He said the enforcement of the guideline, which was one of the regulatory instruments of NITDA, started in 2016, adding that its implementation had helped to address unnecessary spendings on IT projects…

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