Nigeria’s central bank data localisation push is about more than local servers

Data localisation is often framed as keeping data in-country and protecting it, but the Central Bank of Nigeria’s new rules are about whether banks and fintechs can access critical data, recover services, and keep processing payments when their infrastructure fails.

“Localisation is not the same thing as resilience,” said Dr Rakiya Yusuf, Director of the Payment System Supervision Department at the CBN, at TechCabal’s Insights Power Brunch, organised by TechCabal’s research and intelligence arm in collaboration with Amazon Web Services…