American technology giant, International Business Machines (IBM), has exited Nigeria, marking the end of its over 50-year presence in the country.
The company is also leaving Ghana and other African markets, transferring its operations to a third-party firm.
In a statement announcing the transition, IBM disclosed that it has handed over its regional functions to MIBB, a subsidiary of Midis Group, a multinational IT and telecommunications conglomerate operating across Europe, the Middle East, and Africa.
“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 stated.
IBM played a key role in Nigeria’s technology landscape, supporting industries such as education, banking, telecommunications, oil and gas, and government.
In the 1960s, it helped set up an educational centre at the University of Ibadan, aiding in digital capacity building.
IBM’s exit follows a trend of multinational companies reducing their presence in Nigeria. In 2024, Guinness exited, while Meta and Microsoft scaled back operations, downsizing their office spaces and shifting to desk-sharing models for employees.
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