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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