MINISTER OF Science and
Technology, Dr. Ogbonnaya
Onu has advised Nigerian Stock
Exchange, NSE, to consider
listing more technology firms
that can help Nigeria to grow
small and medium scale
industry for enhance economic
Onu gave the advice at the
commissioning of the NSE
N500million Data Centre in
Lagos recently.
He stated that Nigerian should
not just be satisfied with being
the largest economy in Africa
but should aim much higher.
The minister commended
the NSE for its enormous
contributions to the economic
development of the country.
“I have seen that this stock
exchange is aiming very high,
higher than anybody can
imagine, I am very convince that
you can do very well to become
the best in the world in not too
far from now,” he noted.
Onu also disclosed that the
Federal Ministry of Science
and Technology had put up
a number of initiatives and
policies that would enable the
country to look inward and be
Earlier, the chief executive
officer of NSE, Mr. Oscar
Onyema stated that the data
centre came with real time
monitoring of active devices,
resistance of all critical
component, availability and
cloud hosting capacities.
According to Onyema,
“The data centre offers cloud
services to market operators
and anyone interested in lowcost,
highly available services
to their customer base. Data is
replicated in real time offsite
to a partner that is 25Km away
from the production site.”
He said that as an exchange,
they strove to maintain 100
percent availability of all
market platforms and had been
very successful in this regard.
The Nigerian Stock Exchange
services one of the largest
economies in Africa and is
championing the development
of Africa’s financial markets.

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