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

The Secretary to the Government of the Federation (SGF), Senator George Akume. Photo: OSGF

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 & AI Summit held in Abuja.

Represented by the Permanent Secretary of the Political and Economic Affairs Office, Bekearedebo Warrens, Akume emphasised that the initiatives form part of President Bola Ahmed Tinubu’s strategy to move Nigeria from a technology consumer to a global exporter of digital solutions.

He said, “The newly unveiled National Digital Cloud Policy targets an ambitious $750 million in private investment in Nigeria’s cloud and data infrastructure within 24 months. This policy will position Nigeria as a competitive location for cloud and data services, not just for ourselves, but for the wider West African and African markets.