The Minister
of Science and Technology, Dr ogbonnaya onu, on Monday in Laqgos inaugurated a
N500 million Tier three Data Centre to support the activities of the Nigeria
Stock Exchange (NSE).
He said that
the centre had the potential to help the NSE compete favourably with some of
‘best exchanges’ in the world, if performed well.
He said that
the government’s effort had always geared towards ensuring that the country
stopped growing the economy in a particular direction, particularly from being
a mono commodity-based.
The minister
also said that the particular direction had made the nation to feel the effect
of the changes in the oil market but assured that the government was ready to
change from that direction.
According to
him, there are collaborations with relevant establishments that can contribute
to the success of the centre.
Ogbonnaya
said that the government had engaged in relationships and interactions with
research institutes through the Federal Ministry of Technology and Science to
come up with researches that were market driven to create more jobs and wealth.
He said the
centre was necessary because of the relevance of the stock exchange to the
development of the economy.
The minister
urged the NSE to consider listing of more Small and Medium-scale Enterprises
(SMEs) as agents of growth in any economy.
The Chief
Executive Officer of the NSE, Mr Oscar Onyema said that the centre would be
helped to reduce the level of redundancy in terms of power supply and cooling
of water to support bourse’s activities.
Onyema said
that the centre would help the eco-system that would want to co-locate with the
hosting services to the exchange.
He described
the centre as a modular designed data centre with state-of-the-art facilities
for vision monitoring activities.
The NSE boss
said that the centre would only focus on its constituency, primarily only on
brokers activities but might later expand it to quoted companies and others.
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