CBN data localisation push raises concerns among fintech executives

▤ Summary

Nigeria’s central bank is requiring payment-related data to be stored and processed inside the country, creating pressure on fintechs and banks to move workloads to local infrastructure by January 2027. The policy raises concerns about local data center capacity, reliability, disaster recovery, and the risk of service disruption during migration. Fintech operators also worry about higher costs, weaker support, and the challenge of re-architecting systems for domestic hosting. The shift could benefit local cloud and data center providers, but only if they can prove they can handle payment-scale workloads.

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