Confusion Controversy Trail Nigerias Rush Of Laws On Ai Ev Fintech

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A wave of new proposed laws is moving through Nigerias legislative process, aiming to formally regulate the countrys fast-growing technology and green mobility sectors.

The flurry of activity covers artificial intelligence AI, fintech, and electric vehicles. While the governments intent to provide oversight and encourage local industry is clear, the proposals have sparked a complex mix of optimism and concern among industry experts who worry about potential complications.

A New Gatekeeper for AI

Nigeria is taking a major step toward regulating artificial intelligence with a new bill that would make registration and licensing compulsory for AI developers and users. The proposed law aims to create a National Artificial Intelligence Council to serve as the top regulatory authority.

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