Visa to Establish Data Centre in Nigeria, Strengthening Digital and Economic Growth
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Global payment services giant Visa Inc. has unveiled plans to set up a data centre infrastructure in Nigeria, reinforcing its long-term investment commitment to the country.
The announcement was made during a meeting between Visa’s Regional President for Central and Eastern Europe, the Middle East, and Africa, Andrew Torre, and Vice President Kashim Shettima at the Presidential Villa in Abuja. Shettima later confirmed the development on his official X account.
Visa’s Expanding Footprint in Nigeria
Visa’s decision to build a data centre in Nigeria aligns with its broader strategy to deepen its presence in the country. Over the years, the company has invested more than $1 billion in Nigeria, driving financial innovation and digital payment solutions.
Some of its notable partnerships include:
- Moniepoint – Collaborating to enhance digital payment infrastructure for businesses and individuals.
- Interswitch – Investing $200 million to strengthen Nigeria’s fintech ecosystem and expand digital transaction capabilities.
- ThriveAgric – Supporting smallholder farmers to improve agricultural productivity and food security.
Torre emphasized Visa’s commitment to advancing Nigeria’s digital economy, stating that the upcoming data centre will introduce new technologies to boost financial inclusion and transaction efficiency.
Government Endorsement and Future Prospects
Vice President Kashim Shettima welcomed Visa’s investment, highlighting its potential to accelerate economic transformation. He assured the corporation of the Nigerian government’s support and emphasized the importance of technology in modernizing key sectors like agriculture.
“Nigeria is at the heart of fintech innovation in Africa, with eight out of the top ten fintech firms on the continent operating here. Moniepoint’s emergence is a testament to our thriving digital ecosystem. At the same time, we are deeply committed to advancing agriculture through technology, in line with President Bola Ahmed Tinubu’s 8-point agenda,” Shettima stated.
Visa’s new data centre is expected to enhance financial security, digital transactions, and economic growth, positioning Nigeria as a major hub for fintech advancements in Africa.
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