Visa to establish data centre in Nigeria to boost digital economy 

This was disclosed by Vice President Kashim Shettima on his official X account.

Visa’s 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.

“Visa Inc., an American multinational payment card services corporation, has updated Vice President Kashim Shettima on plans to site data centre infrastructure in Nigeria,” he stated. 

The planned data centre infrastructure is part of Visa’s broader investment strategy in Nigeria, which has surpassed $1 billion.

Mr. Torre reaffirmed Visa’s commitment to the Nigerian market, emphasizing the company’s continued investments in the country.

“Visa has been making investments and will continue to make these investments in Nigeria.” 

He added that the upcoming data centre is designed to introduce new technologies that will further enhance Nigeria’s growing digital economy.

Vice President Kashim Shettima welcomed Visa’s investment plans, assuring the corporation that the partnership between Visa and the Nigerian government “will continue to grow by leaps and bounds.”

He also commended Visa for its involvement in agricultural development through its partnership with ThriveAgric. He emphasized that the administration of President Bola Ahmed Tinubu is deeply committed to transforming Nigeria’s agricultural sector as part of its 8-point agenda.

“Nigeria is where the action is. Of the ten fintechs in Africa, about eight are in Nigeria, with Moniepoint as the newest addition. Agriculture is key to the 8-point agenda of the present administration. President Bola Ahmed Tinubu is really keen on repositioning the agriculture industry here, and we have to invest in technology, we have to invest in modernisation,” the Vice President said.