Mar 24, 2025 | Posted by Abdul-Rahman Oladimeji
Global payments services company Visa Inc., is planning to develop a data center in Nigeria in addition to $1 billion the company has already invested in the country.
Visa's regional president for central & eastern Europe, Middle East, and Africa, Andrew Torre noted that while the company "has been making investments and will continue to make these investments in Nigeria,” the company hopes that a data center will help bring new technologies to the Nigerian market and support its digital economy.
Nigeria's Vice President Kashima Shettima added: "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 Ahmed Tinubu is really keen on repositioning the agriculture industry here, and we have to invest in technology, we have to invest in modernization.
“If we must improve on agriculture, we must embrace modernity, improve agricultural prices, seeds, fertilization, and intermediate technology. ThriveAgriculture is a company that has a focus on food security, providing up-to-date data to our farmers. And be rest assured that the patronage, the partnership between the government of Nigeria and Visa will only grow by leaps and bounds.”