Ayotunde Coker, chief executive officer of Open Access Data Centres Limited, has said Lagos State will be the key hub of digital infrastructure in Africa.

This was disclosed during a panel session at the BusinessDay CEO forum. He said, “This is because Lagos is well served with a feasible capacity with the fibre ducts being installed in various locations for connectivity to serve the growing population.”

Read also: CEOs without digital workforce not ready for future — Sam Abu

According to him, research has shown that every 10 percent of broadband penetration can impact the economies by about 2.5 percent GDP growth in emerging economies and about 1 percent in advanced economies.

He said, “If combined with data centres, it means you now hold the information of data use globally. As we build out, we have a significant impact on the lives and livelihoods across the continent, and if we are going to achieve what we are talking about in 2050, we need to digitise Africa, and that is what enables economic growth, job creation, etc.”

 

Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp