
Tech giant, IBM, exits Nigeria
Busayo Okedusi
February 6, 2025
American technology company, International Business Machines (IBM), has exited the Nigerian economic space.
The company announced that it is also leaving other African countries like Ghana, while it transfers its operations to a third-party company.
IBM is one of the latest international companies to have exited the Nigerian economic space in recent times. In 2024, Guinness left, and Meta, the internet giant, and Microsoft reduced their physical presence in the country, scaling back their office spaces and transitioning to desk sharing for workers.
Under this new agreement, IBM will transfer its regional functions to MIBB, a subsidiary of Midis Group, a multinational IT and telecommunications conglomerate operating across Europe, the Middle East, and Africa.
The company said in a statement, “MIBB will market and sell IBM products and services in 36 African countries, thereby giving MIBB’s sales network direct access to IBM products, services, and support, further boosting innovation and growth in the region.”
The company’s presence in Nigeria spans over 50 years, which marks the twilight of the present period.
In the 1960s, IBM helped establish an educational center at the University of Ibadan, which helped build digital capacity.
The company was integral to the growth of the technology landscape, providing infrastructure and consulting services to industries such as education, banking, telecommunications, oil and gas, and government.
Comments
You need to be logged in to comment
No comments yet. Be the first to comment!
Need a website?
Then contact us for professional web development services.
Table of Contents
Share this article
More from the blog

Xabi Alonso admits one player was responsible for 'defining' Real Madrid's system vs Dortmund
Real Madrid head coach Xabi Alonso has provided a fascinating insight into the crucial role played by one particular member of his squad against Borussia Dortmund. Real, of course, are fresh off booki...

Transfers: Arsenal announce Zubimendi arrival
Arsenal have signed midfielder Martin Zubimendi from Real Sociedad. The Spain international, 26, moves to the Emirates Stadium on a long-term deal after the Gunners reportedly triggered his £51 millio...

Jonny Evans staying at Man Utd! Veteran defender handed key transfer role after hanging up his boots | Goal.com
Jonny Evans is reportedly staying with Manchester United after announcing his retirement, with a key transfer role set to be filled. WHAT HAPPENED? At the age of 37, veteran defender Evans is hangi...