Nigeria: 'How Nigeria Can Tap Into $15.7trn Global Ai Economy'

6 August 2025
Daily Trust (Abuja)
By Zakariyya Adaramola

With Artificial Intelligence (AI) expected to contribute $15.7 trillion to the global economy by 2030, Nigeria stands a big chance of getting a large share if the federal government prioritises investments in the sector, an ICT firm has said.

A Microsoft Partner and leading technology enabler, ICIT Solutions, also said the federal government should increase investment in Artificial Intelligence (AI) to accelerate the transformation of Nigeria's micro, small, and medium enterprises (MSMEs).

According to the World Bank, MSMEs in Nigeria contribute over 48% to the country's Gross Domestic Product (GDP), yet approximately 90% still operate without access to essential digital tools.

In a fast-evolving AI landscape, ICIT warns that neglecting automation could widen the productivity gap and leave Nigerian businesses at a competitive disadvantage.

Kamar Oyenuga, CEO of ICIT Solutions, stressed that digital transformation is no longer optional but essential for survival in today's global marketplace.

"Our businesses are competing against the global market. If our small businesses aren't leveraging AI and automation, the rest of the world is--and they'll be eating our lunch," Oyenuga stated in an interview.

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