A researcher, Dr Ibitomi Olusegun, says Artificial Intelligence (AI) could become a driving force behind productivity, innovation, and the resolution of critical national challenges over the next decade.
He said this in an interview with reporters on Monday in Abuja.
“AI is predicted to add at least 15 billion dollars to Nigeria’s economy by 2030 and could increase GDP by 20 per cent.
“This growth is expected to create new job opportunities in fields such as data science, machine learning, and AI ethics, while also improving efficiency in existing roles,” he said.
Olusegun noted that AI’s sector-specific impact in the coming decade would be transformational.
According to him, in finance, the banking sector is already a leader in AI adoption, using it to enhance customer experience, detect fraud, and deliver personalized services.
He told reporters that AI-powered chatbots provide round-the-clock support and help with payment processing and system optimization.
He added that in telecommunications, companies such as MTN Nigeria leverage AI to enhance network performance, improve customer experience, and optimist service delivery.
According to him, this results in increased conversion rates and improved customer engagement.
“AI is being integrated into production processes for real-time tracking, predictive maintenance, and supply chain efficiency, as seen at the Dangote Refinery.
“AI can also lead to a 40 per cent reduction in delivery delays and streamline warehouse operations,” he said.
The expert added that in agriculture, AI-powered precision farming could help combat food insecurity by optimizing crop yields and reducing post-harvest losses.
