Visa Inc. has announced plans to establish a data centre in Nigeria as part of its ongoing investments in the country.
The Regional President for Central and Eastern Europe, the Middle East, and Africa, Mr. Andrew Torre, disclosed this during a courtesy visit to Vice President Kashim Shettima at the Presidential Villa in Abuja on Friday.
According to Torre, the data centre will enhance Nigeria’s digital economy by introducing cutting-edge technologies to the market.
He highlighted that this investment is in addition to Visa’s previous contributions, which include a $200 million investment in Interswitch, a strategic technological partnership with MoniePoint to promote digital payment solutions, and a collaboration with ThriveAgric to support smallholder farmers and strengthen food security.
“This data centre is a step towards expanding our technological footprint and supporting Nigeria’s digital payment ecosystem,” Torre said.
Vice President Shettima welcomed Visa’s commitment to Nigeria, assuring the delegation of the government’s continued support.
He commended Visa for its partnership with ThriveAgric, noting its alignment with President Bola Tinubu’s efforts to revamp the agricultural sector, which remains a key focus of the administration’s eight-point agenda.
“Nigeria is where the action is. Of the ten leading fintech companies in Africa, eight are Nigerian, with MoniePoint being the latest addition,” Shettima remarked.
“To advance agriculture, we must embrace innovation in pricing, seeds, fertilization, and technology. ThriveAgric’s efforts in providing data-driven solutions to farmers are commendable, and we value Visa’s involvement in this space,” he added.
The Vice President expressed confidence that the partnership between Visa and the Nigerian government would further strengthen the country’s digital and agricultural landscapes.
