Nigeria Launches Google-Backed N100M AI Fund This Week to Boost Tech Sector

Sep 12, 2024, 09:02 PM

Nigerian officials have launched a new investment fund for artificial intelligence (AI) backed by Google, aiming to accelerate interest and deployment of the technology in the country. The fund, valued at N100 million, is intended to support Nigerian startups in the AI sector. This initiative, rolled out this week, is part of Nigeria's broader AI agenda, which emphasizes the need for robust data infrastructure to ensure meaningful advancements. While the government is optimistic, some tech watchers remain skeptical about the effectiveness of the push.