IBM pulls out of Nigeria, exits market
International Business Machines (IBM), the American technology giant, has officially exited the Nigerian market, alongside other African countries like Ghana.
This marks a significant shift, as the company transitions its operations to MIBB, a subsidiary of Midis Group, a multinational IT and telecommunications conglomerate operating across Europe, the Middle East, and Africa.
MIBB will take over the marketing and sales of IBM products and services in 36 African nations, gaining access to IBM’s products, services, and support. This shift is expected to promote innovation and growth across the region.
IBM’s departure from Nigeria is part of a broader trend, with several other international companies scaling back their operations. In 2024, Guinness exited the market, while Meta and Microsoft reduced their physical presence, adopting desk-sharing arrangements for their employees.
IBM’s involvement in Nigeria dates back over 50 years, beginning in the 1960s when it helped establish an educational center at the University of Ibadan, contributing to the development of digital expertise. Throughout its presence, IBM played a crucial role in supporting key sectors such as education, banking, telecommunications, oil and gas, and government, helping to shape the country’s technological landscape.
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