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

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.

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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.