“Can a state-owned ICT backbone become the default data-residency and cloud infrastructure for Nigeria's regulated financial sector?”
Galaxy Backbone is Nigeria's federally-owned ICT and shared-services provider, running the government's Tier III/IV data centers and fibre backbone since 2006. It is not an embedded finance company; its recent adjacency to finance is as an infrastructure vendor courting banks and fintechs to co-locate/store payment data locally following the CBN's data localization directive.