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Home » OADC Tips FX Unification for Positive Impact on Data Centre Investments in Nigeria

OADC Tips FX Unification for Positive Impact on Data Centre Investments in Nigeria

Peter Oluka by Peter Oluka
July 10, 2023
in ConsumerTech, Telecoms
0
OADC Tips FX Unification for Positive Impact on Data Centre Investments in Nigeria
Dr. Ayotunde Coker, CEO Open Access Data Centres (OADC Africa) (PHOTO" TechEconomy)

Dr. Ayotunde Coker, CEO Open Access Data Centres (OADC Africa)

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…Dr Coker highlights why businesses should partner with OADC

Open Access Data Centres (OADC), a WIOCC Group Company – established to transform the provision of data centre services for Africa, has applauded the recent foreign exchange (FX) rates unification in Nigeria.

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OADC hit map in Africa (PHOTO: TechEconomy)

The company on a US$500 million-plus, multi-year investment programme that will strengthen key elements of the continent’s digital infrastructure, believes that with the FX unification investors can now estimate the rate at which they can acquire equipment, among other obligations, while planning to invest in Nigeria.

Already, the connectivity and Data Centre infrastructure arm of West Indian Ocean Cable Company (WIOCC) is feeling the impact of the new forex policy in their business operations in the country.

Participants
A cross section ofOADC business partners at the breakfast meeting (PHOTO: TechEconomy)

Speaking during OADC’s breakfast meeting in Lagos, Dr. Ayotunde Coker, CEO OADC (Africa), said they are actively building data centres across Africa.

“We have taken the burden of organisations in building their own data centres, and we will continue to expand our data centres as the demand increases. Our value proposition is to ensure that businesses that are connected to our data centres, maintain zero downtime in all their operations”

– Dr. Coker said.

“The issue of barriers and limitations to connectivity and data centre infrastructure will be over as WIOCC and OADC will continue to provide unlimited connectivity and open access from our data centre facilities.”

Slawomir Cieslinski, Director, Business Development at WIOCC (Nigeria), speaking about business operations in the country said the new forex policy has impacted their business operation positively.

“The release of the foreign exchange impacted our businesses a lot. We had some problems in the past when we tried to buy some equipment from our Nigerian vendors and they had to cut in the naira for equipment. We have to evaluate the offers, so we were getting offers from abroad and when you get them from abroad and doing the evaluation, you have to compare apple to apple and you have to convert it to dollars. When you convert to dollars, you have to use the CBN rate which is the official rate”,

Cieslinski said.

“This was disqualifying Nigerian vendors because after converting naira to dollar, they are two times more expensive than the competitors from abroad,” he added

He disclosed that the forex policy has had a positive impact on their business while also impacting them in other areas.

OADC has commenced the phase three of its world-class data centre located in Lekki Nigeria while and replicating such investments in other African countries.

This world-class, OADC Lagos LOS1 is a purpose-built, high specification data centre, situated on a prime four-hectares site in Lekki, making it the largest data centre campus in West Africa.

The carrier neutral facility will deliver up to 20megawatts site load across more than 7,200m (square) of white space-sufficient for 3,200 racks.

Meanwhile, Dr. Coker told business partners and clients at the breakfast meeting that outsourcing any mission-critical element of their business requires careful consideration.

He highlighted issues around redundancy/uptime, OPEX vs CAPEX, professional expertise, scalability, and minimising environmental impact as chief among reasons businesses should embrace OADC services.

Continuing he said, “OADC has a vision for Africa. We are constructing a pan-African network of carrier-neutral data centres to support organisations extending business across Africa and we will deliver all the scalability and flexibility you require, together with unparalleled levels of interaction, expert assistance and partnership in tailoring solutions that match your current and future needs”.

Dr Coker demonstrates OADC's data centre market penetration routes
Dr Coker demonstrates OADC’s data centre market penetration routes (PHOTO: TechEconomy)

He added that, with much of the design of OADC data centres undertaken in Africa, they will ensure that Africa-specific requirements and environmental conditions are integral to their solutions.

“Partnering with us means engaging with an innovative and truly client-centric data centre experience, putting you at the centre of Africa’s digital transformation”,

Dr. Coker said.

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Author

  • Peter Oluka
    Peter Oluka

    Peter Oluka (@peterolukai), editor of Techeconomy, is a multi-award winner practicing Journalist. Peter’s media practice cuts across Media Relations | Marketing| Advertising, other Communications interests. Contact: peter.oluka@techeconomy.ng

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Tags: data centreoadcSlawomir CieslinskiTunde Coker
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