The Federal Government is set to launch a $1.5 million Artificial Intelligence (AI) fund aimed at enhancing the country’s tech ecosystem. The initiative, announced by the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, will be officially unveiled on October 7 in Abuja.
The fund, backed by global foundation Luminate, comes as a response to criticisms of the earlier N100 million AI fund launched in partnership with Google, which was deemed inadequate by stakeholders. Dr. Tijani clarified that the new funding demonstrates the government’s commitment to fostering AI innovation in Nigeria by leveraging multiple international partnerships.
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In addition to Luminate’s support, the government is setting up a National Artificial Intelligence Trust in collaboration with AI Collaborative. This body will ensure ethical and sustainable AI innovations, particularly in local language applications.
Dr. Tijani further highlighted ongoing projects like the $2 billion fibre optic installation and the 3 Million Technical Talent (3MTT) initiative aimed at strengthening tech infrastructure and creating job opportunities. He emphasized that these foundational efforts will significantly impact the nation’s future economic development.
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