Visa Inc. to Establish Data Center in Nigeria, Expands $1 Billion Investment

March 24, 2025

2 minutes read

Visa Inc. data center

Visa Inc. Data Center Nigeria: Strengthening Digital Infrastructure

Visa Inc., a leading multinational payment card services corporation, has unveiled plans to establish a data center in Nigeria. This move aligns with the company’s ongoing $1 billion investment in Nigeria, which includes technological collaborations aimed at strengthening digital payment solutions.

Visa’s Regional President for Central, Eastern Europe, Middle East, and Africa (CEMEA), Andrew Torre, disclosed this during a meeting with Vice President Kashim Shettima at the State House, Abuja. He emphasized that the new Visa Inc. data center in Nigeria will introduce cutting-edge technologies to further drive the nation’s digital economy.

Visa Inc. Expands Investment in Nigeria

Beyond the planned Visa Inc. data center in Nigeria, the company has already made significant investments in the country’s fintech and agriculture sectors:

  • $200 million investment in Interswitch to strengthen the payments ecosystem.

  • Partnership with MoniePoint to enhance digital financial services.

  • Collaboration with ThriveAgric to support smallholder farmers and improve food security.

Torre stated that companies like Hugo and Samsung require Visa’s technology to launch cost-effective and competitive mobile payment solutions. He reaffirmed Visa’s long-term commitment to investing in Nigeria’s digital transformation.

DON’T MISS THIS: UK Plans to Cut Civil Service Costs by 15%, Saving Billions Annually

Shettima Welcomes Visa Inc. Data Center in Nigeria

Vice President Kashim Shettima praised Visa’s ongoing contributions, assuring the corporation of continued government support.

He highlighted the significance of Visa’s investment in ThriveAgric, noting that agriculture is central to President Bola Tinubu’s 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 Tinubu is really keen on repositioning the agriculture industry here, and we have to invest in technology, we have to invest in modernisation.”

Shettima encouraged Visa Inc. to expand its involvement in Nigeria’s Outsource to Nigeria Initiative, which aims to facilitate access to financing for the creative and digital economy.

With Visa’s planned data center in Nigeria, the country is poised for greater digital expansion, fintech growth, and technological innovation.

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

BBN Female

BBNaija Season 10 ‘10 Over 10’ 15 Dynamic Female Housemates

Big Brother Naija (BBNaija) Season 10, tagged 10 Over 10, premiered on Saturday, July 26, ...

BBN

BBNaija Season 10 Ignites Excitement Across Africa

The highly anticipated Big Brother Naija (BBNaija) Season 10 launched on July 26, 2025, captivating ...

WAFCONN

Nigeria’s Sensational Comeback in WAFCON Finals

On July 26, 2025, Nigeria’s Super Falcons delivered a stunning second-half comeback to defeat hosts ...

Dr-Tunji-Alausa

Nigeria Clarifies JSS1 Admission Age Remains 10

The Federal Ministry of Education debunked a widely circulated news report claiming that the minimum ...

Features

Buhari's Legacy

From the Fulani Plains to Power: The Buhari Chronicle

Muhammadu Buhari (17 December 1942 – 13 July 2025), a name etched into Nigeria’s historical ...

Flood

Texas Mourns as Flash Flood Death Toll Hits 120

Shock has turned to grief across Texas as the death toll from devastating flash floods ...

heat

Morocco Heat Wave Drives Surge in Air Conditioning Demand

Morocco is grappling with a severe heatwave this summer, with temperatures soaring well above average ...

UK

UK and US Clamp Down on Nigerian Visas:What Does It Really Mean?

The United Kingdom and United States have recently tightened visa policies for Nigerian citizens, sparking ...

Netherlands Returns 119 Looted Benin Bronzes to Nigeria

On Thursday, June 26, 2025, the Netherlands returned 119 looted artifacts, known as the Benin ...

Ngugi-wa-Thiongo

Ngũgĩ wa Thiong’o:Passed the pen to the Next Generation.

Ngũgĩ wa Thiong’o, a legendary Kenyan writer, scholar, and revolutionary voice in African literature passed ...

ECOWAS

ECOWAS Celebrates 50th Anniversary Amid Sahel States Tensions

On May 28, 1975, fifteen West African nations signed the Lagos Treaty, establishing the Economic ...

What Really Moves Bitcoin’s Price? A Comprehensive Guide to the Key Drivers of Volatility and Value

What Really Moves Bitcoin’s Price? A Comprehensive Guide to the Key Drivers of Volatility and Value

​Bitcoin, the pioneering cryptocurrency, has captivated the financial world with its innovative technology and notable ...

Latest News

Today in History

July 27th is the day in 1928 that Tich Freeman becomes the only bowler ever to take 200 first-class wickets before the end of July.

Exchange Rate Per Dollar

AM Armenian Dram382.8577
GH Ghana Cedi10.432
GM Gambian Dalasi72
GN Guinea Franc8,663.21
NG Nigerian Naira₦1,527.34
CF CFA Franc BEAC558.2613
27 Jul · CurrencyRate · USD
CurrencyRate.Today
Check: 27 Jul 2025 11:05 UTC
Latest change: 27 Jul 2025 11:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?