AWS now accepts payments in Naira, easing cloud access for Nigerian businesses
- AWS will now accept payments in Naira, responding to local demand.
- The devaluation of the Naira has increased dollar-based cloud costs by over 114%.
- A $1,000 service that cost ₦700,000 in 2023 now costs over ₦1.5 million.
While AWS's decision to accept Naira is a commendable step towards addressing the economic challenges faced by Nigerian businesses, it is crucial for AWS to also consider adjusting its pricing structure to better align with local market realities. This could enhance its competitiveness against local providers who are already catering to the needs of Nigerian SMEs.
