Artificial Intelligence AI is widely regarded as the general-purpose technology GPT of our time - one with the potential to transform economies in the same way electricity and the internet once did. According to PwC, AI could contribute over 15 trillion to the global economy by 2030, a figure that rivals the combined current outputs of China and India. For Nigeria, this presents an enormous opportunity. The nation already shows promising signs of AI innovation, but the next step lies in transitioning from isolated efforts to a thriving, inclusive AI-powered economy that benefits every sector of society.
In recent years, Lagos has positioned itself as a major African tech hub, attracting significant venture capital and producing globally recognized startups. However, experts note that true economic progress depends not only on innovation but also on the widespread adoption of foundational technologies. Building a robust AI economy, therefore, requires a comprehensive approach that strengthens infrastructure, promotes collaboration, and invests in people.
A key element of this transformation involves cultivating a strong AI ecosystem. Just as mobile internet access spurred companies like Jumia and Flutterwave to success, AI can amplify innovation across industries - but only if the necessary infrastructure is in place. This foundation includes reliable power, high-speed connectivity, and advanced datacentres. Companies like Microsoft have taken notable steps by establishing Africa's first datacentres and Edge Nodes in Nigeria, improving local access to cloud computing and digital services. Despite these advancements, Nigeria is still considered to be in the early stages of AI investment, according to Oxford Insight's Global AI Index. Maintaining momentum will require sustained investment and cross-sector collaboration to expand data infrastructure and develop a strong technological backbone.
