More data centres are coming to Nigeria

Today on Techpoint Digest, we discuss why more data centres are coming to Nigeria, an EV bill, and Moni's rebrand and acquisition.

Hello,

Bolu here,

Here’s what I have for you today:

Nigeria is expecting more data centres

How Nigeria wants to create an electric future without electricity

Moni becomes Rank and acquires AjoMoney and Zazzau

Nigeria will experience a data centre boom

Teraco’s data centre

Nigeria’s data centre industry is starting to boom. I’ve written about data centres a couple of times this year already, and I know two companies that are about to make data centre announcements soon.

The gist: A new report by Estate Intel projects that Nigeria’s total installed data centre capacity will jump from 56.1MW in 2025 to over 218MW by 2030, nearly a 4x increase in just five years.

The sector has averaged 21% annual growth since 2020, fuelled by rising demand from fintechs, cloud providers, and digital services.

Here’s why it’s a big deal: This is a big deal for a couple of reasons, but the most important are data sovereignty, cheaper cloud services, and AI. The future of technology in the country will be so interesting.

Related Story: Spotify rolls out in-app messaging

Why Nigeria’s new EV bill won’t work

Image source: Unsplash

The Nigerian Senate just took a big step toward electrifying transport by approving the Electric Vehicle Transition and Green Mobility Bill for a second reading.

And so? Well, the bill will force foreign auto makers to set up local assembly plants within three years, source 30% of components locally by 2030, and partner with Nigerian firms to sell EVs. There are sweeteners too; tax holidays, toll-free highways, and subsidies for EV users and makers (though no word yet on how big those incentives actually are).

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Why does it matter? Nigeria would join Kenya, Rwanda, and Ethiopia in building policy frameworks for EV adoption. But there’s one small problem: EVs are still luxury items for most Ni...