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AI to boost Nig’s GDP by $15bn, govt says

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By Mercy Kelani

Gov’t has recognised Artificial Intelligence as a major economic driver.

Nigeria’s government policies, programs, and strategic alliances are establishing the country as Africa’s leader in artificial intelligence (AI). The government has recognised Artificial Intelligence (AI) as a major economic driver and has implemented initiatives such as the National AI Strategy Framework and the 3 Million Technical Talent (3MTT) initiative to train young Nigerians and integrate AI into a variety of industries. By 2030, the Nigerian government projects that artificial intelligence might boost the nation’s GDP by $15 billion. Nigeria’s dedication to AI development was emphasised during a recent Paris meeting between Google CEO Sundar Pichai and President Bola Ahmed Tinubu.

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According to Google’s current Infrastructure projects in Africa, the conversation centred on workforce development, digital investments, and AI-driven economic inclusion. From financial services (fraud detection, financial inclusion) to Agriculture (crop yield optimisation) and the creative industries (AI-powered content creation tools), artificial intelligence is already revolutionising Nigerian businesses. With a focus on job transformation rather than job replacement, the Young Professionals for Tinubu (YP4T) network has been closely monitoring these AI projects. Young Nigerians are also being given a major role in AI Innovation through the government-backed AI and Blockchain Training Initiative and funding programs for AI entrepreneurs.

Artificial Intelligence is now a top priority rather than a sci-fi fantasy.

More so, AI is seen as a component of the answer, with applications in energy efficiency, healthcare diagnostics, and financial inclusion, despite infrastructure and economic obstacles. Other countries with comparable infrastructural problems, like India, have effectively established AI ecosystems, showing that policy-driven growth and deliberate investments can assist Nigeria in overcoming its own obstacles. The main lesson is that AI is now a top priority rather than a sci-fi fantasy, and Nigeria needs to move quickly to provide its young people AI capabilities in order to establish itself as a leader in the global AI economy.

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With the help of other poor countries that have effectively incorporated AI in spite of infrastructure obstacles, Nigeria is aggressively establishing itself as an African leader in AI. With an Investment of more than $1.2 billion to begin the IndiaAI program, India is a prime example. This program is focused on building cutting-edge AI models, boosting AI education, investing in local AI firms, and acquiring powerful computer resources. By encouraging innovation and constructing strong digital infrastructure, India has advanced significantly in AI despite infrastructure challenges.

Nigerian experts highlight AI’s revolutionary potential.

In a similar vein, Brazil has improved telemedicine services by utilising AI to overcome infrastructure constraints and provide healthcare to rural areas. These nations show that, despite infrastructure limitations, AI’s potential may be successfully realised with targeted Legislation and smart investments. Initiatives like the National AI Strategy Framework and the 3 Million Technical Talent (3MTT) program demonstrate Nigeria’s dedication to AI. Certain progress indicators are necessary to make sure these programs meet their goals. By 2030, this program hopes to train 3 million Nigerians in software development, cloud computing, cybersecurity, and artificial intelligence.

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Employment rates after training, the number of people trained each year, and the formation of alliances with IT companies for job placements are examples of success measures. This framework was introduced in August 2024 with the goal of making Nigeria a premier AI hub in Africa. Key performance indicators include the quantity of AI research papers, the number of AI startups incubated, and the integration of AI solutions across industries such as banking, healthcare, and agriculture. Nigerian experts highlight AI’s revolutionary potential. According to Nigerian-American computer scientist Chinasa T. Okolo, artificial intelligence has the potential to completely transform industries including healthcare and agriculture.

Related Article: Breaking barriers to AI adoption in Nigeria

Additionally, AI-powered solutions can improve yield forecasting and crop monitoring, increasing agricultural output. However, since the full implementation of AI technologies may affect more than 20 million employment in the industry, it is imperative that the transition be handled cautiously. By extending medical services to underserved areas, AI applications in telemedicine can improve healthcare outcomes and accessibility. AI-powered diagnostics, for example, can help diagnose diseases early and improve patient care. AI improves Fraud detection and simplifies banking services, increasing the accessibility and Security of financial systems for those without bank accounts. Microloans can also be facilitated by AI-driven credit evaluations, enabling entrepreneurs and small enterprises.

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