ADVERTISEMENT
TechEconomy
Sunday, June 1, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » ‘We’re Pooling Resources’ – Bosun Tijani Announces $1.5 Million AI Fund After Criticism of Earlier Initiative

‘We’re Pooling Resources’ – Bosun Tijani Announces $1.5 Million AI Fund After Criticism of Earlier Initiative

…Dr Bosun Tijani explained that many Nigerians misunderstood the scope of the initiative

Joan Aimuengheuwa by Joan Aimuengheuwa
October 3, 2024
in DisruptiveTECH
0
‘We’re Pooling Resources’ – Bosun Tijani Announces $1.5 Million AI Fund After Criticism of Earlier Initiative
Dr Bosun Tijani, minister of Communications, Innovation, and Digital Economy

Dr Bosun Tijani, minister of Communications, Innovation, and Digital Economy

RelatedPosts

FG Launches New HND Courses in AI, Cybersecurity, and Software Engineering

FG Launches New HND Courses in AI, Cybersecurity, and Software Engineering

May 29, 2025

Nvidia Projects $8bn Revenue Loss as U.S. Restrictions Block AI Chip Sales to China

May 29, 2025
The federal government is set to unveil a $1.5 million initiative aimed at supporting Artificial Intelligence (AI) development in the country. 

This announcement comes from the Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, who disclosed the upcoming AI Fund initiative during an interview on Arise TV.

The new AI support, backed by global foundation Luminate, will be officially launched on October 7 in Abuja.

This follows the recent N100 million AI fund launched by the Ministry in partnership with Google. While the earlier fund was criticised as insufficient, Dr Bosun Tijani clarified that this new funding reiterates the government’s will and focus on pooling resources for AI growth in Nigeria.

Addressing issues about the perceived inadequacy of the previous AI fund, Dr Bosun Tijani explained that many Nigerians misunderstood the scope of the initiative.

He stated that the government is focusing on gathering resources from multiple avenues, emphasising that the AI sector’s development is not reliant solely on domestic funding. 

The Minister revealed that, in addition to Luminate’s contribution, the government is setting up the National Artificial Intelligence Trust. This body, developed in collaboration with AI Collaborative, will ensure that AI innovations are ethical and sustainable, particularly as the nation works on developing AI applications in local languages.

Dr Tijani also discussed the government’s long-term vision for technology infrastructure, acknowledging that while the benefits may not be immediately visible, projects such as the ongoing fibre optic cable installation, which will cover 90,000 kilometres across the country, are crucial for future development. 

The Minister admitted that securing the $2 billion required for this project will take up to 18 months, with the full installation expected to be completed over the next few years. However, he stressed the importance of such foundational projects, saying that their eventual impact will address national challenges, including poverty.

In addition to these large-scale initiatives, Dr Tijani highlighted the government’s 3 million Technical Talent (3MTT) initiative, which is already providing job opportunities for Nigerians, particularly in the technology sector. He also mentioned the 774 Project, designed to enhance service delivery at the local government level by connecting secretariats nationwide.

At a National AI workshop earlier this year, Dr Tijani had introduced the AI Collective, a collaborative platform aiming to drive the country’s AI ecosystem.

This effort is supported by the $1.5 million pledge from Luminate, spread over three years, which will fund key organisations such as Data Science Nigeria, Lagos Business School, and the Centre for Journalism, Innovation, and Development. These institutions will collaborate on governance, research, and innovation within the AI space.

The AI Collective operates within the National Centre for Artificial Intelligence and Robotics (NCAIR), providing a space for Nigeria’s academic, civil society, and technological communities to work together in ensuring that AI becomes a central component of the nation’s economic growth.

Loading

Advertisements
MTN ADS

0Shares
Tags: AI CollectiveAI Fundartificial intelligence (AI)Bosun TijanigoogleLuminateNational Centre for Artificial Intelligence and Robotics (NCAIR)
Previous Post

Galaxy Backbone and KOICA Join Forces to Strengthen Government-to-Citizen (G2C) in Nigeria

Next Post

How to Apply for the Google BOLD Internship

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

FG Launches New HND Courses in AI, Cybersecurity, and Software Engineering
DisruptiveTECH

FG Launches New HND Courses in AI, Cybersecurity, and Software Engineering

by Joan Aimuengheuwa
May 29, 2025
0

Aside curriculum updates, the NBTE has introduced a digital accreditation platform that uses artificial intelligence to enforce academic standards and...

Read more
Nvidia Projects $8bn Revenue Loss as US Restrictions Block AI Chip Sales to China

Nvidia Projects $8bn Revenue Loss as U.S. Restrictions Block AI Chip Sales to China

May 29, 2025
Xiaomi Posts $15.5bn Revenue, $1.5bn Profit in Q1 as EV Sales Top 258,000 Units

Xiaomi Posts $15.5bn Revenue, $1.5bn Profit in Q1 as EV Sales Top 258,000 Units

May 27, 2025
Nvidia Faces $5.5 Billion Setback from U.S. Chip Ban on China

Nvidia Eyes New Markets After $5.5bn China Chip Ban Loss

May 27, 2025
OpenAI Brings Former Apple Design Chief Jony Ive Onboard

OpenAI Brings Former Apple Design Chief Jony Ive Onboard

May 22, 2025
Gemini Closes in on ChatGPT as Google Hits 400 Million Monthly Users

Gemini Closes in on ChatGPT, Hits 400 Million Monthly Users

May 21, 2025
Next Post
How to Apply for the Google BOLD Internship

How to Apply for the Google BOLD Internship

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.