Nigeria wants to upscale its artificial intelligence (AI) game to benefit from the innovation of the technology. AI is expected to contribute $15 trillion to the global economy by 2030.
Not just businesses but nations are also preparing for the potential AI revolution. While developed countries like the United States and China are expected to lead the race, developing countries like Nigeria do not want to miss out.
Nigeria Unveils Its Ambitious AI Strategy
Nigeria’s Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, shared the plans to co-create a National AI Strategy on X (Twitter). He also invited AI experts, especially of Nigerian origin, to build AI solutions for the country.
Moreover, Tijani asked X (Twitter) users to circulate the message to researchers who have worked in the Nigerian market.
Along with the message, Tijani shared a paper entitled “Co-creating a National Artificial Intelligence Strategy for Nigeria.” The paper mentions that Nigeria has used its two machine learning models to curate a list of top AI researchers globally.
Through the machine learning process and various filtration, Nigeria finally came up with the most likely 100 names of AI researchers of Nigerian descent. Now, the government wishes to take the help of the public to add more researchers to the list.
Nigeria has been working on its AI strategy, as the reports from PwC claim that AI would potentially contribute $15.7 trillion to the world economy by 2030.
Nigeria’s Blockchain Adoption
While Nigeria wants to build innovative AI solutions, it is also working on a National Blockchain Policy to boost the adoption of the digital economy
And the adoption of Nigeria’s Central Bank Digital Currency, the eNaira is increasing. In March, BeInCrypto reported that eNaira transactions increased by 63% in 2023 to 22 billion naira (~$47.7 million).
However, the financial regulator, the Association of Bureaux de Change Operators of Nigeria (ABCON), has asked the government to ban Binance. ABCON believes that Binance puts pressure on naira.
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