Visa to Establish Data Centre as part of its broader investment strategy in Nigeria
American multinational payment card services corporation, Visa Inc., has announced plans to establish a data centre infrastructure in Nigeria as part of its broader investment strategy in the country.
The announcement was made during a courtesy visit by Visa’s Regional President for Central and Eastern Europe, the Middle East, and Africa, Mr Andrew Torre, to Vice President Kashim Shettima at the Presidential Villa in Abuja.
The Vice President shared the update on his official X account. He welcomed Visa’s investment, assuring the corporation of the government’s commitment to fostering a strong partnership.
“The partnership between Visa and the Nigerian government will continue to grow by leaps and bounds,” he stated.
Check out: https://x.com/officialSKSM/status/1903058059586371952
The Vice President also praised Visa’s involvement in agricultural development through its partnership with ThriveAgric. He reiterated the administration’s focus on transforming Nigeria’s agricultural sector as part of President Bola Ahmed Tinubu’s 8- point agenda.
“Nigeria is where the action is. Of the ten fintech’s 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 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 added.
Mr Torre reaffirmed Visa’s long term commitment to the Nigerian request. He noted that Visa has been making investments and will continue to make these investments in Nigeria.
The planned data centre infrastructure forms part of Visa’s growing investments in Nigeria, which have surpassed $1 billion. The company has laboriously engaged in crucial technological collaborations, including a substantial cooperation with Moniepoint to foster digital payment systems, a $200 million investment in Inter witch to enhance digital transaction, and a cooperation with ThriveAgric to support small farmers and strengthen food security in Nigeria.
Speaking on the significance of the forthcoming data centre, Mr Torre stressed that it would introduce new technologies to further boost Nigeria’s digital economy.
Read also: Suspended Rivers Governor Fubara Denies Allegations of Inciting Attacks on Oil Installations