CBN, NITDA Advance Sovereign Cloud Implementation, Data Localisation.
Both government agencies made the move by bringing together, regulators, financial institutions and digital infrastructure providers to discuss issues about the implementation of Nigeria’s National Sovereign Cloud Initiative (NSCI) and payment-data localisation requirements.
Held in Lagos, participants at the forum, focused on the practical steps required to migrate critical financial data and workloads to secure infrastructure within Nigeria.
Discussions covered implementation planning, cybersecurity, operational resilience, provider assurance, third-party risk and collaboration among regulators, financial institutions and technology providers.
Opening the dialogue, the Director-General, of NITDA, Kashifu Inuwa Abdullahi, described digital sovereignty as an issue of national resilience and economic security. He explained that the objective was not to isolate Nigeria from global technology or require the country to build every system independently, but to develop sufficient capacity and control to keep essential services operating during external disruption. CBN Deputy Governor, in charge of Financial Systems Stability, Lamido Abubakar Yuguda, said critical payment transaction data must be stored and managed within Nigeria in line with the 1 January 2027 implementation timeline. He noted that the initiative should strengthen regulatory visibility, protect critical financial data and improve the resilience of the infrastructure supporting Nigeria’s payment system.
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