AI and Blockchain Initiative Launch

Nigeria is making news in the IT business with a new project that aims to teach 1,000 young people a year about artificial intelligence (AI) and blockchain technologies.

This forward-looking project is part of Nigeria’s broader National Digital Economic Policy and Strategy 2020-2030. The program aligns with the government’s objectives to be competitive in the global stage through the utilization of new technology.

AI And Blockchain Initiative Launch

Vice President Kashim Shettima spearheaded the inauguration of the AI Expertise Blockchain and Technology Training and Outsourcing Initiative during a recent ceremony in Jigawa.

In her address during the opening, Shettima underscored Nigeria’s mission and vision, emphasizing that the country is not only catching up but also transcending norms in terms of technical development.

Nigeria Poised To Overtake Other World Economies, Technologies – VP Shettima

During the ceremony, the Vice President announced a N150,000 grant for each business owner and partnerships with Gluwa to train 1,000 tech experts annually.

The initiative seeks to provide young Nigerians with the tools required to enter the global workforce and stimulate creativity, thus establishing Nigeria as a leader in digital transformation throughout Africa.

Financial Support And Strategic Partnerships

Apart from the training program, Nigeria is enhancing its technical ecosystem by means of financial incentives and alliances with related agencies.

The government is working with tech startup Gluwa to teach 1,000 Nigerians in AI, blockchain, and other sophisticated technologies each year. This cooperation emphasizes supporting local talent and a strong fintech environment.

Widening The Research Frontier

Complying with Nigeria’s dedication to technological development, the National Information Technology Development Agency (NITDA) has bared its plans to set up research facilities concentrated on developing innovations.

Nestled among Nigeria’s six geopolitical zones, these facilities will focus on important fields such as artificial intelligence, blockchain technology, the Internet of Things (IoT), unmanned aerial vehicles (or commonly, drones), additive manufacturing, robotics, and others.

Meanwhile, President Bola Ahmed Tinubu said that micro, small, and medium companies (MSMEs) will get a 150,000 Nigerian nairas cash incentive, which is equivalent to around $90.

The Nigerian government intends to encourage innovation and entrepreneurialism within the country’s technology industry by offering financial incentives to these economic pillars.

Conclusion

In conclusion, the AI and Blockchain Initiative launched by Nigeria’s government is a significant step towards bridging the technological gap between Nigeria and the rest of the world. The project’s emphasis on training and empowering young people, as well as its partnerships with tech startups and research institutions, has the potential to transform Nigeria’s digital landscape and make it a hub for innovation and entrepreneurship in Africa.

FAQs

What is the main objective of the AI and Blockchain Initiative?

The main objective of the initiative is to train 1,000 young Nigerians annually in AI and blockchain technologies and empower them to enter the global workforce.

Who is spearheading the initiative?

Vice President Kashim Shettima spearheaded the inauguration of the AI Expertise Blockchain and Technology Training and Outsourcing Initiative.

What are the financial incentives offered to business owners?

The government is offering a N150,000 grant for each business owner, which is equivalent to around $90.

What are the research facilities set up by NITDA?

NITDA has set up research facilities in six geopolitical zones, focusing on fields such as artificial intelligence, blockchain technology, IoT, unmanned aerial vehicles, additive manufacturing, robotics, and others.

What is the role of Gluwa in the initiative?

Gluwa is a tech startup that is partnering with the Nigerian government to train 1,000 Nigerians annually in AI, blockchain, and other sophisticated technologies.