Nigeria’s e-Government and digital technology service provider, NeGSt-TAS Technologies Limited, has signed a strategic partnership agreement with Visa Incorporated to digitise the Nigerian economy.
The agreement was formalised during the recent US-Africa Business Forum in Washington DC, where the Chairman and Chief Executive of Visa Incorporated, Alfred Kelly, pledged to invest $1bn over the next five years to digitise African economies.
The partnership between NeGSt-TAS and Visa aims to use digital tools to move Nigeria’s economy from analogue to digital technology, with a focus on mainstreaming access opportunities, generating increased income, and ensuring accountability and sustainability for the benefit of all.
NeGSt-TAS Executive Vice Chairman, Babatunde Obada, expressed confidence in the partnership, stating that Visa had successfully digitised the economies of America, Europe, Ukraine, and the UAE.
With Nigeria being one of the largest economies in Africa, the partnership between NeGSt-TAS and Visa will bring immense benefits to individuals, merchants, and the national economy as a whole.
The digitisation of the economy will enhance financial inclusion, promote digital literacy, and enable greater access to formal financial services.
Furthermore, it will facilitate economic growth and development by creating new opportunities for businesses and increasing productivity.
NeGSt-TAS and Visa’s partnership comes at a crucial time when the world is transitioning towards a more digital and connected future. By leveraging digital technology, Nigeria can accelerate its economic growth, promote sustainable development, and create a better future for its citizens.
The partnership will undoubtedly play a pivotal role in transforming Nigeria’s economy and positioning it for success in the digital age.