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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