this post was submitted on 01 Mar 2025
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  • Cloud costs for Nigerian companies have shot up after the naira depreciated sharply because most U.S. cloud companies charge in dollars.
  • Several local cloud startups have sprung up in the last two years. They offer the option to pay in naira, along with data sovereignty and lower latency.
  • Amazon Web Services started accepting payments in naira in January this year, which experts believe is a reaction to local competition.
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[–] alyaza 3 points 6 days ago* (last edited 6 days ago) (1 children)

Isnt nigeria basically the only african country right now that isnt a shithole right now?

Nigeria probably has the most theoretical wealth available to it of any African country because it's super rich in oil, but there are definitely other countries that have it better than Nigeria (South Africa, Cape Verde, maybe Namibia or Kenya if you want some deeper cuts). Nigeria also has a metric fuck ton of problems (religious tension and sectarianism, terrorism, an openly corrupt political system which likely stole the last presidential election, and constant economic turmoil) that severely rob its capability to exploit its riches. and yes colonialism is a big part of that, it has fairly bad deals with major corporations to exploit that oil

[–] AI_toothbrush@lemmy.zip 2 points 6 days ago

Hmm interesting. I just commented from the view of someone who has african friends and the only ones who can afford to move here to study and just for the quality of life are the ones from nigeria and south africa. But being a white south african is cheating because of the basically segregation that happens there.