Nigeria will save $40m yearly from local hosting of internet – Report |

ENTERTAINMENT

The latest report from the Internet Exchange Point of Nigeria (IXPN) has said that the country will save at least $40 million annually if all its internet content is hosted locally.

The Chief Executive Officer of IXPN, Muhammed Rudman disclosed this in a recent statement.

The development comes as the Exchange Point achieved a milestone of 500 gigabytes per second (Gbps) of internet traffic as local hosting increased.

The 500 Gbps traffic was an improvement from 300 Gbps recorded last year.

Rudman attributed the milestone to including several global and local content providers exchanging traffic locally via the exchange point.

“Accessing traffic or content at IXPN thus costs about US$27 less per Mbps per month than it would be accessing it abroad, and given the amount of traffic exchanged in 2020, this savings of over US$40 million per year.

“These savings have resulted in numerous ISPs expanding their businesses and creating opportunities for new ISPs to enter the market, increasing local total internet traffic,” he said.

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