The Nigerian government, in collaboration with Google, has launched a ₦100 million fund to empower 10 innovative startups using artificial intelligence (AI) to drive tech advancements. This initiative, announced on September 10, 2024, by Dr. Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, aims to boost AI innovation and entrepreneurship in the country’s fast-growing tech ecosystem.
The fund, managed by the National Centre for Artificial Intelligence and Robotics (NCAIR), is part of President Bola Ahmed Tinubu’s broader strategy to position Nigeria as a leader in AI development. Dr. Tijani emphasized the critical role the government plays in shaping AI policy, which he believes will have a lasting impact on both the public and private sectors.
“If we get it right in the public sector, it will permeate the private sector. With time, the adoption and deployment of AI will not only transform our national lives but will shape the future of things in our country,” Tijani said during the launch.
The Nigerian government is also working on a National Artificial Intelligence Strategy to guide future policy decisions and foster AI growth in multiple industries.
Google’s involvement underscores its commitment to Africa’s digital future. According to Olumide Balogun, Google’s West Africa Director, the partnership aligns with the tech giant’s focus on building Africa-centric solutions and supporting digital innovation across the continent.
In addition to the funding, the selected 10 startups will benefit from Google’s AI tools, mentorship programs, and access to a global network of experts and investors, providing them with the resources they need to scale their businesses and expand beyond the Nigerian market.
To qualify, startups must be based in Nigeria, have at least one Nigerian founder, and focus on AI-driven solutions with strong market potential. Applications are open from September 10 to September 25, 2024, with the winners set to be announced in October.
This AI fund is expected to catalyze technological advancements across Africa, empowering entrepreneurs to innovate and solve real-world problems through artificial intelligence. By providing crucial financial backing and support, this collaboration aims to set a new standard for digital innovation across the continent.
This initiative is a major opportunity for African startups to harness the power of AI, contributing to both economic growth and technological advancement in the region.
