Visa has announced plans to set up data center infrastructure in Nigeria. This new investment will complement the global payment giant’s existing stake of over $1 billion in Nigeria, which includes strategic partnerships in fintech and agriculture.
The announcement was made by Visa’s Regional President for Central and Eastern Europe, the Middle East, and Africa, Andrew Torre, during a courtesy visit to Vice President Kashim Shettima at the Presidential Villa in Abuja. According to Torre, the data center is expected to introduce cutting-edge technologies that will further solidify Nigeria’s position as a fintech powerhouse in Africa.
Visa’s investment is not just about payments, it isabout laying down the infrastructure needed to power a future driven by digital transactions. A local data center means faster, more reliable payment processing, reduced reliance on foreign data hubs, and improved security for Nigerian users.
Visa’s involvement in Nigeria extends beyond fintech. The company has also invested $200 million in Interswitch, one of Africa’s largest digital payment companies. More recently, Visa partnered with ThriveAgric to support smallholder farmers, aligning with the Nigerian government’s vision to modernize agriculture.
Vice President Shettima welcomed Visa’s commitment, emphasizing that the administration of President Bola Ahmed Tinubu is keen on leveraging technology to drive economic growth. “Nigeria is where the action is,” Shettima stated, highlighting the government’s focus on fintech and agriculture as key areas of development.
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