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Visa Inc. has announced plans to establish a data centre in Nigeria as part of its expanding investment in the country. The announcement was made by Andrew Torre, Regional President for Central and Eastern Europe, the Middle East, and Africa at Visa Inc., during a courtesy visit to Vice President Kashim Shettima at the Presidential Villa in Abuja.
Torre highlighted that the data centre is an extension of Visa’s investment portfolio in Nigeria, which has already surpassed $1 billion. These investments include a major technological collaboration with MoniePoint to advance digital payment solutions, a $200 million investment in Interswitch, and a strategic partnership with ThriveAgric to support smallholder farmers and promote food security.
According to Torre, the decision to establish the data centre is aimed at introducing cutting-edge technologies that will further strengthen Nigeria’s digital economy and enhance financial inclusion.
Vice President Shettima welcomed the initiative, affirming the Nigerian government’s commitment to fostering partnerships that drive economic growth. He commended Visa’s investment in ThriveAgric, emphasizing the administration’s priority on agriculture as part of its eight-point agenda.
“Nigeria is at the heart of fintech innovation in Africa, with eight of the continent’s top ten fintech firms operating here, including MoniePoint,” Shettima stated. “To modernize agriculture, we must adopt technology-driven solutions, improve farming inputs, and enhance data-driven decision-making.”
He further assured Visa that its collaboration with the Nigerian government would continue to thrive, reinforcing the nation’s commitment to fostering an enabling environment for investment and digital transformation.
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