Cointime

Download App
iOS & Android

USA to forge AI partnership with Nigeria for economic growth

Validated Media

The United States of America (U.S.A) and Nigeria are poised to engage in discussions on the digital economy, emerging technology, and the advancement of artificial intelligence (AI) to explore potential partnership opportunities.

During the closing ceremony of a four-day Workshop on National Artificial Intelligence Strategy in Abuja, Mr. Arthur Brown, the Deputy Chief of Mission at the U.S. Embassy, revealed this information. Brown stated that within two weeks, senior officials from the U.S. government would convene in Abuja for a conference organized by the U.S.-Nigeria Bi-National Commission.

Providing further details on the upcoming meeting, the deputy chief of mission said the United States aims to capitalize on the momentum generated by a four-day workshop by organizing an AI conference in Lagos.

The partnership aims to strengthen economic ties and ensure that AI deployment is safe, secure, transparent, and trustworthy. Through its diverse agencies, Brown expressed that the United States is prepared to collaborate with Nigeria as equitable partners to advance initiatives spanning talent development, infrastructure, research, and innovation.

He lauded Nigeria for endorsing a significant United Nations resolution on AI and committed to the ongoing partnership between the U.S. government and Nigeria regarding the economy.

Addressing the workshop’s conclusion, Dr. Bosun Tijani, the Minister of Communications Innovation and Digital Economy, emphasized the importance of African governments and leaders taking decisive action to support their aspirations and strategies.

According to a PricewaterhouseCoopers study, artificial Intelligence could contribute $15.7 trillion to the global economy by 2030, with approximately $3 trillion attributed to enhanced productivity and $9.1 trillion arising from novel goods and services.

Speaking on anticipated revenue generation and job creation, Tijani emphasized that rather than prioritizing revenue, Nigeria should focus on establishing effective governance for AI, recognizing it as a critical tool to enhance productivity across sectors.

In partnership with the National Information Technology Development Agency (NITDA) and the Nigeria Communications Commission (NCC), the Ministry orchestrated a four-day Artificial Intelligence workshop to craft a collaborative framework for implementing AI in the nation.

The four-day artificial intelligence workshop led to the launching of Nigeria’s first Multilingual large language model (LLM) as the country pushes forward to take a leadership position in artificial intelligence development in Africa.

In August 2023, the Nigerian government invited scientists of Nigerian heritage, as well as globally renowned experts who have worked within the Nigerian market, to collaborate in formulating its National Artificial Intelligence Strategy.

AI
Comments

All Comments

Recommended for you

  • 38,244.04 DMD Permanently Burned in the Past 7 Days

    On June 25, 2026, the latest on-chain data from DMDAO revealed that a total of 38,244.04 DMD has been permanently burned through the established transaction and wealth management burn mechanisms over the past 7 calendar days.

  • BTC Falls Below $60,000

    Market data shows that BTC has fallen below $60,000, currently priced at $59,954.84, with a 24-hour decline of 4.19%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Drops Below $1600

    Market data shows that ETH has fallen below $1600, currently priced at $1597.55, with a 24-hour decline of 3.81%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Billionaire Philippe Laffont Prefers Investing in Space Over Bitcoin

    Philippe Laffont, founder and portfolio manager of Coatue Management, stated on the Squawk Box program that he is currently unable to determine his stance on Bitcoin. He mentioned that he is rethinking Bitcoin's positioning and expressed a preference for investing in space over Bitcoin. (thestreet)

  • Tech Giants' Data Center Leasing Commitments Exceed $850 Billion

    On June 24, an analysis by Bloomberg of regulatory filings revealed that as tech giants compete to expand their server clusters, the total amount of future data center leasing commitments by large cloud computing companies has continued to rise over the past year, surpassing $850 billion. Last quarter, Meta added leasing commitments of $79 billion, a 76% increase from the previous period; as of March 31, the total reached $182.9 billion. Meta CEO Mark Zuckerberg has stated that the company plans to invest hundreds of billions of dollars in AI infrastructure by 2030. Microsoft followed closely, adding over $41 billion in leasing commitments, bringing its total to $196.6 billion.

  • Address with $34.61 Million Long Position in 21,000 ETH Faces $1.696 Million Loss at 18x Leverage

    According to on-chain analyst Ai Yi, a certain address took a long position of 21,000 ETH with 18x leverage yesterday, amounting to approximately $34.61 million. Currently, it is facing an unrealized loss of $1.696 million, with an opening price of $1,728.5 and a liquidation price of $1,590.1.

  • U.S. 10-Year Treasury Yield Falls to 4.4138%, Lowest Since May 11

    On June 24, the yield on U.S. 10-year Treasury bonds fell to 4.4138%, the lowest level since May 11. The yield on U.S. 30-year Treasury bonds dropped to 4.8572%, the lowest since April 15.

  • Crypto Market Liquidations Reach $134 Million in the Last Hour, with $125 Million in Long Liquidations

    According to CoinGlass data, the total liquidation amount across the network in the last hour reached $134 million, with long liquidations accounting for $125 million and short liquidations amounting to $8.539 million.

  • BTC Falls Below $61,000

    Market data shows that BTC has fallen below $61,000, currently priced at $60,986.03, with a 24-hour decline of 2.88%. The market is experiencing significant volatility, so please ensure proper risk management.

  • International Oil Prices Plunge as U.S. Oil Futures Fall Below $70

    On June 24, international crude oil prices continued to decline, with U.S. WTI crude oil futures falling below the $70 per barrel mark during trading, down 4.4% for the day, reaching a new low since March 2, and reverting to levels seen before the outbreak of the Iran conflict. Brent crude oil futures for August dropped 4.5%, settling at $73.6 per barrel. Market expectations of easing tensions in the Middle East, a recovery in Iranian oil supply, and rising interest rate expectations due to U.S. inflation have pressured oil prices.