Business A.M
No Result
View All Result
Wednesday, February 11, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Technology

Nigeria gears up for $1.5M AI initiative to fuel digital innovation, advancement

by Chris
January 21, 2026
in Technology

Joy Agwunobi

The Federal Ministry of Communications, Innovation and Digital Economy, led by Minister Bosun Tijani, is set to roll out a $1.5 million initiative to foster the development of Artificial Intelligence (AI) across the country.

The move is considered part of the government’s broader efforts to solidify Nigeria’s position as a key player in the global technology ecosystem, with the initiative aimed at supporting the growth of AI capabilities and facilitating knowledge-sharing among key industry stakeholders.

The initiative, supported by the global foundation Luminate, will officially launch on October 7th in Abuja. 

According to Tijani, the fund is part of a collaboration aimed at empowering Nigerians with the tools and resources necessary to influence decisions that impact their daily lives. 

This new effort comes on the heels of the Ministry’s earlier launch of a N100 million AI Fund in partnership with Google, which sparked some debate within the tech community. Critics argued that the funding fell short of what was needed to catalyse significant AI advancements. 

Addressing these concerns, Tijani explained that the N100 million fund was just one part of a more comprehensive strategy. “Many people focused on the numbers without understanding the broader picture; we are pooling resources both locally and internationally to build something much larger,” he stated.  

The minister added, “the $1.5 million from Luminate is just one of the ways we’re scaling up these efforts.”

Tijani also highlighted a new initiative in the works: the National Artificial Intelligence Trust, which the Ministry is developing in partnership with AI Collaborative. This initiative, he explained, aims to prioritise the integration of local languages in AI development.

According to him, the Trust will act as a guardian to ensure that AI growth in Nigeria adheres to ethical standards, remains secure, and is sustainable, while working in tandem with the government to drive progress.

Tijani also spoke on the government’s commitment to large-scale infrastructure projects, such as the ambitious goal of laying 90,000 kilometres of fibre optic cables across Nigeria. He acknowledged the challenges, but stressed that the long-term benefits of these projects especially in infrastructure development would be transformative.

“Technology’s role is to drive progress, but that progress doesn’t happen instantly,” Tijani noted, pointing to the ongoing fibre optic project. He outlined the timeline, noting that it would take 18 months to secure the necessary $2 billion in funding and an additional two to three years to complete the installation. 

Previous Post

NOVA Bank,Nigeria Cup Golf team up to drive golf excellence in Nigeria

Next Post

PalmPay marks 5 years of transformative fintech solutions in Nigeria

Next Post

PalmPay marks 5 years of transformative fintech solutions in Nigeria

  • Trending
  • Comments
  • Latest
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025
Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

September 18, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

February 10, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026

CNN on Nigeria Aviation

February 10, 2026

Popular News

  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

    0 shares
    Share 0 Tweet 0
  • Nigeria’s data protection dream in the cloud — Not our cloud!

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

February 10, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M