The corporation based in the United States recently provided Vice President Kashim Shettima with an update on data centre infrastructure plans.

Visa is increasing its investments in Nigeria, with plans to locate data centre infrastructure in the West African country.

The planned data centre investment adds to the company's $1 billion in investments in Nigeria, which include a significant technological partnership with Moniepoint to foster digital payment solutions, a $200 million investment in Interswitch, and collaboration with ThriveAgric to empower smallholder farmers and improve food security.

The corporation based in the United States recently provided Vice President Kashim Shettima with an update on data centre infrastructure plans.

Andrew Torre, Visa's Regional President for Central and Eastern Europe, the Middle East, and Africa, said this while leading a delegation to pay a courtesy call to Vice President Shettima at the Presidential Villa in Abuja.

Torre said while Visa Inc. "has been making investments and will continue to make these investments in Nigeria", the plan to site the data centre infrastructure is aimed at bringing new technologies into the Nigerian market that would bolster the nation's growing digital economy.

According to him, partners like as Hugo and Samsung need certain of Visa's technologies to launch mobile payment services in a more competitive and cost-effective market.

Responding, Vice President Shettima promised the Visa team that the company’s support and cooperation with the Nigerian government will continue to grow by leaps and bounds.

He said, "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 modernisation.”