• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, May 15, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Eyes $15bn Boost With AI-focused Economic Strategy

by Leadership News
6 months ago
in Business
nigeria
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria’s federal government has unveiled an ambitious strategy to add $15 billion to the economy by 2030, focusing on Artificial Intelligence (AI) and the country’s youthful population.

Advertisement

The goal is backed by a recent Google report which highlights AI’s potential to substantially impact Nigeria’s GDP. The government has announced comprehensive plans to harness this potential.

According to a document reviewed by LEADERSHIP, the government aims to bridge the AI knowledge gap by training 25,000 teachers, who will educate 125,000 young Nigerians on the fundamentals of AI. This initiative is part of Nigeria’s larger goal to cultivate a skilled AI workforce, a strategy mirrored by successful nations across the globe.

With a N2.8 billion grant from Google to Data Science Nigeria, the Ministry of Communications, Innovation, and Digital Economy will advance AI-driven training programs. Besides educating teachers, the grant will fund specialised data science and AI training for 20,000 youth from the ministry’s ongoing “3 Million Technical Talents” programme.

Nigeria’s youth demographic, with a median age around 18, presents a significant advantage for AI-related development. Communications Minister Bosun Tijani noted, “AI is already here. It gives us a unique opportunity to reimagine how we do things, but it’s not going to be possible for us to do it if we don’t build a strong ecosystem locally.”

RELATED

West Africa Automotive Show Commends Nigeria’s Automobile Market

West Africa Automotive Show Commends Nigeria’s Automobile Market

3 hours ago
NFIU Warns Against Use Of BNBEX Over False Claims

NFIU Warns Against Use Of BNBEX Over False Claims

5 hours ago

The country’s draft National AI Strategy outlines plans to equip 70 per cent of Nigeria’s young workforce (aged 16–35) with AI skills, aiming to reduce unemployment by five percentage points. This effort aligns with National Bureau of Statistics data, which reported a five percent unemployment rate in the third quarter of 2023.

Training in AI is seen as crucial to creating a skilled workforce that can compete globally. However, Nigeria’s universities face financial challenges, struggling to attract AI-specialised professors and modernise their programs.

This gap in AI education hinders the creation of an AI-ready workforce, according to a GSMA report on AI’s impact in Africa.

To foster early AI learning, Nigeria plans to integrate AI training in secondary education, aiming to enhance the skills pipeline for universities. Tijani emphasised the importance of teacher training, saying,

“It is our responsibility to ensure that the education we give these young ones will allow them to participate in the future of work.”

Kaduna’s deputy governor, Hadiza Balarabe, expressed optimism, noting that “By equipping our people with AI skills, we are paving the way for a more prosperous Nigeria.”

Data Science Nigeria’s CEO, Bayo Adekanbi, added, “Everyone must be empowered to understand AI’s potential.”

In his remarks, Google’s president for Europe, the Middle East, and Africa, Matt Brittin, reiterated Google’s commitment to the initiative, stating, “Through programs like these AI skilling initiatives, we aim to build the foundation for a sustainable AI ecosystem in Nigeria.”

Nigeria’s AI strategy underscores that a youthful workforce can drive the country’s economic growth, especially as the International Finance Corporation (IFC) predicts that by 2030, Nigeria will require 28 million jobs with digital skills, representing a market valued at $130 billion. Yet, the document cautions that high poverty, unemployment, and infrastructure challenges may hinder these efforts.

In addition to financial investments, Google’s Equiano subsea fiber-optic cable, launched in Lagos in 2022, has expanded internet connectivity, providing a technological foundation to support Nigeria’s digital transformation. Brittin highlighted that “for every $1 invested in Africa’s digital economy, the economic return can reach $2 by 2030, with Nigeria’s potential return as high as $8.”

Through collaborations with African governments and institutions, Google’s initiatives aim to create an AI ecosystem that empowers local talent. Brittin emphasised that these efforts are intended to build an African-led AI success story that benefits not only Nigeria but the global community.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Artificial Intelligence (AI)
SendShareTweetShare
Previous Post

#EndBadGovernance: NGO Asks AGF To Issue ‘Nolle Prosequi’ On Minors

Next Post

Federal Gov’t Engages Judiciary To Prosecute Environmental Pollutants

Leadership News

Leadership News

You May Like

West Africa Automotive Show Commends Nigeria’s Automobile Market
Business

West Africa Automotive Show Commends Nigeria’s Automobile Market

2025/05/15
NFIU Warns Against Use Of BNBEX Over False Claims
Business

NFIU Warns Against Use Of BNBEX Over False Claims

2025/05/15
nigeria
Business

Federal Gov’t Unveils $500m Climate Investment Platform, Targeting Sustainable Infrastructure, Economic Growth

2025/05/15
CSR: Dangote Cement Wins Big In Zambia, Senegal
Business

Dangote Cement Restores Electricity To Host Communities, Ending 3-year Blackout

2025/05/15
NCAA Digitises Operations For AOC, Licence Renewal
Business

Enforce Disabilities Act In Aviation Sector, Reps Urge NCAA

2025/05/15
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Stock Market Maintains Bullish Streak, Gains N187bn

2025/05/15
Leadership Conference advertisement

LATEST

Norwegian School Unveils Renewable Energy To Promote Sustainability In Rivers

Reps Move To Make Voting Compulsory For Eligible Nigerians

Bill To Establish Agency For Malaria Eradication Scales Second Reading At Senate

TikTok Influencer Shot Dead During Livestream In Mexico

Bauchi Gov, Deputy Threatened To Slap Me In VP Shettima’s Presence — Minister

Climate Change Threat To Education In Nigeria — Onuigbo

PICTORIAL: Inside Ex-President Shagari’s Office 42 Years After

Lagos Gov’t Restricts Construction Sites To 6pm Closing Time

Bauchi Gov Donates N95m To Families Of Hunters, Civilians Killed In Alkaleri LGA

Forum Rejects Bill To Strip Alaafin Of Permanent Chair Of Oyo Monarchs Council

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.