Nigerian Government Fosters AI Technology with N5 Million Scheme
Coin Edition
Published Oct 15, 2023 11:52
Updated Oct 15, 2023 12:15
Nigerian Government Fosters AI Technology with N5 Million Scheme
Coin Edition -
- Nigeria introduced the Nigerian Artificial Intelligence Research Scheme with the intention of fostering Artificial Intelligence (AI).
- Researchers and startups holding an AI-focused project will be eligible to apply for the scheme.
- Deserving applicants will be granted 5 million naira to utilize the opportunities of AI.
The Federal Government of Nigeria has initiated the Nigerian Artificial Intelligence Research Scheme with the intention of fostering Artificial Intelligence (AI) in the nation, providing financial support to AI-focused startups. Nigeria’s initiative in AI enhancement amidst the increasing crypto adoption in the country has created headlines among crypto enthusiasts across the world.
As per an official X (formerly Twitter) post shared by Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, the project aims at awarding N5 million each to 45 researchers and start-ups with the ultimate vision of AI advancement, driving economic progression.
Previously, the government introduced the National Artificial Intelligence Strategy, inviting participation from scientists and experts to collaborate with the project. Nigeria’s enthusiasm for formulating new solutions drawn from AI technology for the upliftment of the economy is evident from the country’s endeavor.
The post Nigerian Government Fosters AI Technology with N5 Million Scheme appeared first on Coin Edition.
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