Experts raise alarm over $850m annual digital revenue loss

By Chinenye Anuforo
Stakeholders in Nigeria’s digital ecosystem have raised concerns over the country’s growing dependence on foreign digital infrastructure, warning that Nigeria loses an estimated $850 million annually through the use of foreign domains, offshore hosting services and non-indigenous digital platforms.
The concern was raised at the third edition of Tech Convergence organised by the Nigerian Internet Registration Association (NiRA) in Abuja.
The conference, themed “Strengthening Nigeria’s Digital Independence: The Role of Policy, Digital Identity, and .ng for Economic Growth,” brought together lawmakers, regulators, technology experts and industry players to discuss st...