Nigeria has lost investment in Information Communication Technology to South Africa, due to foreign exchange volatility, power generating capacity, as well as harsh business climate.
That’s according to Microsoft’s Senior Programme Manager, Michael Glaros. He said the firm spent about $15 billion on each of its Data Centre infrastructure across the globe.
The investment worth about $30 billion, was set aside for the citing of two Data Centers by Microsoft in two South African cities of Johannesburg and Cape Town at the expense of Nigeria and parts of the Continent.
Implications of Nigeria missing this investment is that a single Data Centre is capable of creating between 5,000 and 10,000 jobs directly and indirectly.