News Digital

Nigeria Courts Chinese Investors for $671 Million Data Center Market

Nigeria Courts Chinese Investors for $671 Million Data Center Market
Monday, 01 September 2025 17:18
  • Nigeria eyes $671m data center market by 2030, seeks Chinese investors.
  • Rising mobile data, e-commerce drive sector growth amid tough competition.
  • Success hinges on robust, flexible infrastructure and regulatory alignment.

Nigeria is seeking Chinese investment to expand its fast-growing data center market, which is projected to reach $671 million by 2030, according to the Nigeria-China Strategic Partnership (NCSP).

Joseph Tegbe, NCSP’s managing director, issued the call during the Digital Silk Road Connection Event in China last week. He said Nigeria’s surging demand for digital capacity—driven by a 40% annual increase in mobile traffic and one of Africa’s largest internet user bases—offers a strategic opportunity for stronger Asia-Africa cooperation under Beijing’s “Digital Silk Road” initiative.

Nigeria had 169.3 million mobile subscriptions and 138.2 million internet subscriptions as of 2024, official data show. The country’s data center market was valued at $278 million last year, with growth fueled by smartphone adoption, e-commerce, and rising mobile data consumption, according to Mordor Intelligence.

The sector, however, is increasingly competitive. Key operators include Africa Data Centers, Digital Realty’s Medallion Communications, MDXi (MainOne by Equinix), and WIOCC. Telecom groups MTN and Airtel Africa have also entered the market as part of broader diversification strategies.

Mordor Intelligence said success will depend on providers offering robust and flexible solutions, including reliable connectivity, direct cloud access, resilient infrastructure, and stable power supply. Investments in skilled labor, advanced security, cooling technologies, and strong regulatory relationships will also be critical.

The report added that operators must balance expansion plans with demand while preparing for emerging areas such as edge computing and hybrid cloud.

For now, Tegbe’s remarks remain an open invitation to Chinese companies. It is not yet clear how Beijing or Chinese investors will respond, nor the size of potential commitments. Tegbe previously announced that China had pledged $20 billion in investments for Nigeria’s key sectors, though no breakdown has been disclosed.

Isaac K. Kassouwi

On the same topic
Nigeria approved the implementation of a geolocation-based alphanumeric digital postal code system to improve address accuracy nationwide. The...
The Ethiopian Securities Exchange has launched “Neway,” a web and mobile trading platform for investors. The tool allows users to open accounts,...
Nigeria will launch its National Single Window platform on March 27 to centralize trade procedures. The system will allow online processing of...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom network. The project will upgrade about 1,500 mobile...
Most Read
01

Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...

As Hormuz and Suez Tensions Escalate, Africa Faces a Potential Energy and Trade Shock
02

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
03

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
04

Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...

Nigeria Advances Banking Reform With Strong Recapitalization Progress
05

The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...

BCEAO Cuts Key Rate to 3.00% as WAEMU Faces Deflation
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.