The Internet Loop: How Nigerias Major Institutions Bypass Local Infrastructure At National Cost

Despite Nigerias ambitious push for digital transformation, key institutions, especially banks and universities, route their traffics through foreign exchanges bypassing the countrys Internet Exchange Point, IXPN.

According to Statista, Nigeria is projected to spend approximately 1.11 billion on public cloud services by 2025, a figure expected to rise significantly as digital transformation initiatives deepen across sectors.

In a major milestone, IXPN recently surpassed 1 Terabit per second 1Tbps in aggregate peak domestic internet traffic for the first time. This achievement marks a significant leap in Nigerias internet infrastructure development and highlights the critical role of local internet exchanges in driving economic growth, innovation, and connectivity for millions of Nigerians.