Home Nigerian Govt Fosters AI Technology

Nigerian Govt Fosters AI Technology

Share
Share

Nigerian Govt Fosters AI Technology 

The Nigerian Federal Government has launched the Nigerian Artificial Intelligence Research Scheme to promote AI and support AI-focused startups. The scheme, which aims to drive economic progression and foster AI, will award N5 million each to 45 researchers and start-ups with a vision of AI advancement. The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, announced that the funding will be equivalent to $6,444, aiming to create a sustainable AI ecosystem in Nigeria. The initiative has gained attention among crypto enthusiasts worldwide.

The Nigerian government is inviting applications for a scheme aimed at fostering a vibrant and sustainable AI ecosystem in the country. The scheme, which will be open from October 13 to November 15, 2023, will provide financial support and facilitate knowledge sharing among AI industry professionals. The applicants must present a detailed proposal outlining the project’s potential impact, which will be evaluated by an AI expert panel. The government is inviting applications from aspiring AI researchers and technology platforms.

(With inputs from Shikha Singh)

Share

Latest News

Greece Approves 10% Tax on Cryptocurrency Gains
News

Greece Approves 10% Tax on Cryptocurrency Gains

Greece’s parliament has approved a 10% capital gains tax on cryptocurrency profits, with annual gains of up to €500 exempt. The approved...

Kraken Parent Payward & Clients Buy AAVE Tokens
News

Kraken Parent Payward & Clients Buy AAVE Tokens

Payward, the parent company of cryptocurrency exchange Kraken, and its clients have purchased AAVE tokens through secondary-market transactions. The investment was made...

Samsung Wallet Adds USDC Accounts On Solana
News

Samsung Wallet Adds USDC Accounts On Solana

Samsung has launched its Stablecoin Account feature in the US, allowing eligible Galaxy users to buy, hold and transfer USDC on Solana....

Trump-backed WLFI Announces Token Buyback Plan
News

Trump-backed WLFI Announces Token Buyback Plan

Trump-backed World Liberty Financial has announced a token buyback programme funded initially through fees generated by its USD1 stablecoin reserves and other...

Related Articles

Best Crypto Trading Bots In 2026

Running a crypto trading strategy manually can be challenging when markets are...

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...