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.
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