Experts Urge Nigeria to Embrace Artificial Intelligence for Economic Transformation

A team of technology and economic experts has called on Nigeria to adopt Artificial Intelligence (AI) and other digital innovations as key drivers of economic diversification and national development. The call was made on Wednesday in Abuja during a one-day lecture organized by Economic Confidential, where participants stressed that AI is central to positioning Nigeria for success in the fourth industrial revolution.

Delivering the keynote address, Director General of the National Information Technology Development Agency (NITDA), Dr. Kashifu Inuwa, highlighted the potential of the digital economy, stating it could contribute up to 20 percent of Nigeria’s GDP if effectively harnessed. He emphasized that AI is no longer optional but necessary, warning that those who fail to acquire new digital skills risk being left behind. Inuwa further disclosed partnerships with the Ministry of Education to integrate digital literacy into the national curriculum, as well as efforts to boost civil service training in line with global technology trends.

Similarly, Dr. Afolabi Olajunwon of the Budget Office of the Federation, speaking on behalf of the Nigerian Institute of Public Relations (NIPR), cautioned that any African country that neglects the digital revolution risks stagnation in global development. He urged Nigeria to move beyond being a consumer of technology to becoming a creator and exporter, stressing that the country has abundant talent but must cultivate the right motivation and policies to lead Africa in the digital space.

Dr. Tope Fasua, Special Adviser to the President on Economic Matters, represented by Aremu Olayinka Elijah, reaffirmed the federal government’s commitment under President Bola Tinubu to recalibrating the nation’s economy toward a tech-driven future. He noted that rebased economic data already shows progress, with the service sector emerging as a strong equalizer in the evolving economy. The event also featured the unveiling of three new books authored by young journalists, focusing on central banking, healthcare, and digital diplomacy.