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

This forward-looking initiative is part of Nigeria’s broader National Digital Economic Policy and Strategy 2020-2030, aligning with the government’s objectives to enhance its competitiveness on the global stage through the adoption of new technologies.

AI And Blockchain Initiative Launch

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

In her address, Shettima emphasized Nigeria’s mission to not only catch up but to surpass existing standards in technical development.

AT LAUNCH OF BLOCKCHAIN OUTSOURCE/MSMES CLINIC IN JIGAWA:

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

* Announces FG’s N150,000 grant for each business owner

* Partners with Gluwa to train 1,000 tech experts annually

The Vice President,… pic.twitter.com/GfB2KwDmsH

— Senator Kashim Shettima (@officialSKSM) July 23, 2024

Malam Umar Namadi, governor of Jigawa State, described the program as a rare opportunity for young people, encouraging them to engage in the digital world of ICT outsourcing for job creation and economic growth.

The initiative aims to equip young Nigerians with the necessary tools to enter the global workforce and foster creativity, positioning Nigeria as a leader in digital transformation across Africa.

This project is expected to establish a nationwide network of tech hubs to stimulate economic development and future innovation.

Image: ReadWrite

Financial Support And Strategic Partnerships

In addition to the training program, Nigeria is enhancing its technical ecosystem through financial incentives and partnerships with relevant agencies.

The government is collaborating with tech startup Gluwa to train 1,000 Nigerians in AI, blockchain, and other advanced technologies each year, emphasizing support for local talent and a robust fintech environment.

Widening The Research Frontier

In line with Nigeria’s commitment to technological advancement, the National Information Technology Development Agency (NITDA) has announced plans to establish research facilities focused on developing innovations.

These facilities will be strategically located across Nigeria’s six geopolitical zones, concentrating on key areas such as artificial intelligence, blockchain technology, the Internet of Things (IoT), unmanned aerial vehicles (drones), additive manufacturing, and robotics.

Additionally, President Bola Ahmed Tinubu announced that micro, small, and medium enterprises (MSMEs) will receive a cash incentive of 150,000 Nigerian nairas, approximately $90.

The Nigerian government aims to foster innovation and entrepreneurship within the technology sector by providing financial incentives to these economic pillars.

Featured image from ThoughtCo, chart from TradingView