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Nigeria

CBN and NITDA push sovereign cloud and payment data localisation ahead of January deadline

Financial firms face a January 1, 2027 deadline to host critical payment data in Nigeria, a shift that affects banks and their technology providers.

Photo: LEADERSHIP Newspapers

What happened

The Central Bank of Nigeria and the National Information Technology Development Agency, in partnership with Africa Hyperscalers, are pushing for sovereign cloud implementation and data localisation in Nigeria. allafrica.com+1 The push comes ahead of a January 1, 2027 deadline for data hosting in Nigeria. allafrica.com The agencies brought together regulators, financial institutions and digital infrastructure providers at a forum in Lagos. allafrica.com Discussions covered implementation planning, cybersecurity, operational resilience, provider assurance and third-party risk. allafrica.com Participants focused on the practical steps needed to migrate critical financial data and workloads to secure infrastructure within Nigeria. allafrica.com

Around it

The NITDA Director-General, Kashifu Inuwa Abdullahi, described digital sovereignty as an issue of national importance at the forum. allafrica.com Digital financial transactions have become part of daily life for many Nigerians, from formal businesses to artisans and market traders. LEADERSHIP Newspapers

What comes next

Payment data is required to be hosted within Nigeria by January 1, 2027. allafrica.com

Sources

  1. LEADERSHIP NewspapersWhy CBN Wants Nigeria’s Payment Data Kept Within Its Borders
  2. allafrica.comNigeria: CBN, Nitda Advance Sovereign Cloud Implementation, Data Localisation
  3. thisdaylive.comCBN, NITDA Advance Sovereign Cloud Implementation, Data Localisation

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