Mar 27, 2025 | Posted by Abdul-Rahman Oladimeji
Pan-Africa data center firm Open Access Data Centres (OADC) is set to spend $240 million on a 24MW data center in Lagos, Nigeria. Its CEO Dr. Ayotunde Coker mentioned to the press at an event held last week that the project would be built in two stages, with the first 12MW set to come online in the next 18 months.
Coker said: “This project is a game-changer for Nigeria’s digital economy. With hyperscale capacity and AI-readiness, our Lagos facility will be one of the largest and most advanced in West Africa. It will set new benchmarks for scalability, resilience, and efficiency, ensuring that Nigeria remains at the forefront of Africa’s data center revolution.”
According to a report by Leadership, the data center will be funded through a mix of equity and debt, with OADC working with financial institutions such as the International Finance Corporation and Proparco. It will draw power from Nigeria’s grid, though the company is said to also be looking at other options such as natural gas and renewable energy sources.