Over 50% of Nigeria based businesses plan local expansion

According to data from a Nigerian poll, 33% of IT decision-makers in Nigeria and 34% of them aim to relocate to new countries; One of the biggest challenges to their firm, according to 58% of Nigerian IT decision-makers, is a lack of IT-skilled workers; Earlier this year, Equinix completed the acquisition of MainOne in Nigeria.

100 business leaders in Nigeria were questioned as part of the Equinix 2022 Global Tech Trends Survey about the opportunities and difficulties that their companies are currently facing as well as their future goals.

The survey results from Equinix show that there are numerous chances for Nigerian companies to successfully enter new markets and attract new clients.

According to a survey conducted in Nigeria, 54% of participants intend to expand in an already-existing nation over the next 12 months, followed by 34% into a new region and 33% into a brand-new nation. Additionally, 93% of Nigerian IT leaders stated that improving the customer experience is a top concern.

However, firms cited a number of constraints that could be limiting factors for global growth, including issues and difficulties with the supply chain, cyber security, and personnel retention and recruitment. These contraints include Supply Chain Challenges , cybersecurity, Staff retention and recruitment , tools to grow the business and COVID accelerates digital evolution

according to Funke Opeke, MD of MainOne: “The acceleration in digital transformation in Nigeria reinforces the need for businesses to have access to single points to interconnect locally. Increased speed of connectivity, increased flexibility of connectivity, and reduced cost of connectivity were identified by IT decision-makers in Nigeria as the most beneficial aspects of interconnection.  MainOne provides a rich interconnection ecosystem that allows customers connect to each other multiple telecoms networks, and Cloud, Payment and Content Providers in a single location.’’

Earlier this year Equinix, Inc., the world’s digital infrastructure company™, expanded into Africa through the US$320m acquisition of MainOne, a leading West African data center and connectivity solutions provider, with presence in Nigeria, Ghana and Côte d’Ivoire.

The full report can be accessed here