Visa backs Nigeria’s digital economy with new data centre
Visa Inc., the American multinational payment card services corporation, has announced plans to set up a data centre infrastructure in Nigeria.
The announcement followed a courtesy visit by Andrew Torre, Visa’s Regional President for Central and Eastern Europe, the Middle East, and Africa (CEMEA), to the State House in Abuja on Friday, March 21. Vice President Kashim Shettima shared the news on his official X account.
According to the State House Nigeria, the initiative builds on Visa’s ongoing investments in the country, which exceed $1 billion. These include a technological partnership with Lagos-based fintech MoniePoint to advance digital payment solutions, a $200 million investment in Interswitch, and a collaboration with ThriveAgric to support smallholder farmers and boost food security.
Torre highlighted that the planned data centre infrastructure aims to introduce new technologies to Nigeria, strengthening the country’s growing digital economy.
Vice President Shettima welcomed the initiative, emphasising the administration’s focus on modernising the agriculture sector, a key priority in President Bola Tinubu’s 8-point agenda.
"Nigeria is where the action is. Of the ten fintechs in Africa, about eight are in Nigeria… 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," he said.
