Nigeria to save N2billion annually from Internet hosting.

    The Executive Vice-Chairman, Nigerian Communications Commission, Prof. Umaru Danbatta, has said that the nation will save at least N2bn annually if the recent data hosting with the Internet Exchange Point of Nigeria continues.

    He said that public and private organizations in the country were losing about N10billion annually to frequent hosting of Internet content overseas, and could lose twice the amount should the recession continue in 2017.
Danbatta disclosed this at the Telecoms Executive and Regulators Forum in Lagos, which was organized by the Association of Telecommunications Companies of Nigeria.

    The NCC executive vice-chairman, said that the Internet Exchange Point of Nigeria is an initiative of the NCC that enables Internet service providers, telecommunication Companies, content providers and educational institutions to exchange Internet traffic locally within Nigeria.