The Good Tech Companies - Nigeria Bets on Tech with AI and Blockchain Initiative Which Aims to Boost GDP by 2% Annually

Episode Date: July 26, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/nigeria-bets-on-tech-with-ai-and-blockchain-initiative-which-aims-to-boost-gdp-by-2percent-annually. The initiative is set to train 1,000 Nigerians annually in cutting-edge fields such as artificial intelligence and blockchain technology. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #gluwa, #nigeria, #ai, #web3-in-nigeria, #central-bank-digital-currency, #web3-initiatives-in-africa, #good-company, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Nigeria is leveraging its burgeoning tech sector to accelerate economic growth. Vice President Kashim Shettima’s latest initiative underscores this shift. The initiative is set to train 1,000 Nigerians annually in cutting-edge fields such as artificial intelligence and blockchain technology.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Nigeria bets on tech with AI and blockchain initiative which aims to boost GDP BY 2% annually. By Ashan Pondi. Nigeria is leveraging its burgeoning tech sector to accelerate economic growth. Vice President Kashim Shedima's latest initiative underscores this shift, with projections indicating that investments in AI and blockchain could significantly boost Nigeria's GDP by up to 2% annually. This proclamation came during the launch of the AI Expertise Blockchain and Technology Training and Outsourcing Initiative, held at the Yakubu Goan NYSC orientation camp in Dutse. The initiative, a collaborative effort with tech firm Glua, is set to train 1,000

Nigerians annually in cutting-edge fields such as artificial intelligence and blockchain technology. Shedima emphasized that this program is integral to Nigeria's digital transformation strategy and is pivotal for its leadership ambitions in Africa's tech landscape. In his address, Shedima called upon Nigerian youths to seize this opportunity, framing it as a critical step towards becoming integral players in the global workforce. We are not merely catching up with the rest of the world. We are a poised to overtake them, he declared, reflecting his confidence in Nigeria's technological future. Additionally, the collaboration with Gluwa, an influential player in blockchain technology,

aims to elevate financial inclusion through the central bank digital currency, CBDC, known as NERA. This partnership with the Central Bank of Nigeria, CBN, seeks to extend financial services to over 200 million Nigerians, leveraging blockchain's potential to create a more inclusive financial ecosystem. The vice president also highlighted Jagawa state's role as a frontrunner in embracing digital technology, labeling the initiative as a significant milestone in the nation's journey through the fourth industrial revolution. Shetima reiterated the federal government's commitment to establishing tech hubs nationwide

to fuel long-term economic growth. Further demonstrating the government's dedication to fostering small and medium enterprises, SMEs, Shedima announced a grant of N150,000 for each participating business owner at the expanded National MSME Clinic. This financial support, mandated by President Bola Tanubu, is part of a broader effort to ease business operations and encourage entrepreneurship across Nigeria. Governor Umar Namadi of Jagawa State also voiced strong support for the initiative, stressing its importance for local youth and the state's long-standing relationship with ICT education. He emphasized that Jigawa's history with technology education aligns with the federal government's Renewed Hope Agenda and the state's own strategic goals for digital innovation. The event also saw the inauguration of several key projects, including a solar-powered irrigation

farm, a new ICT and digital economy agency, and a series of solar plants aimed at enhancing market infrastructure. These developments reflect a broader strategy to integrate sustainable practices and technological advancements into Nigeria's economic framework. As Nigeria stands on the brink of a technological renaissance, the AI expertise blockchain and technology training and outsourcing initiative symbolizes a decisive move towards establishing the country as a global leader in technology and innovation. Don't forget to like and share the story. Tip Vested Interest Disclosure This author is an independent

contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.