Why data centre investors are flocking to Lagos’ coastline
- Global investors are investing heavily in Lagos' Victoria Island and Lekki Peninsula to tap into the booming data center market.
- Lagos Island is set to become Africa's second-largest data center hub, following Johannesburg.
- Ten of Nigeria's 16 data centers are concentrated in Victoria Island, Lekki, and Eko Atlantic City.
The rapid growth of data centers in Lagos presents a unique opportunity for investors, but they must remain cautious of the inherent risks in Africa's fragmented data economy. The focus on infrastructure improvements and urbanization trends suggests a promising future for digital services, yet sustainable practices must be prioritized to address environmental concerns.
