• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Monday, November 2, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home Business

IMF Lists Nigeria Among Africa’s Top AI Growth Economies

Elanza by Elanza
July 22, 2026
in Business, National, News
0
IMF Lists Nigeria Among Africa’s Top AI Growth Economies
0
SHARES
9
VIEWS
FacebookTwitterWhatsappEmailTelegram
Nigeria has been ranked among the five Sub-Saharan African countries with the highest potential to boost productivity through artificial intelligence, according to a new report by the International Monetary Fund.

The report, titled “Unlocking the Potential: AI in Sub-Saharan Africa,” identified Nigeria alongside South Africa, Mauritius, Botswana and Namibia as the economies expected to record the strongest AI-driven productivity gains under the IMF’s baseline projections.

The Fund attributed Nigeria’s position to its labour market structure, noting that a significant proportion of the workforce is employed in finance, information and communication technology, and professional services, where artificial intelligence is expected to deliver greater productivity gains than in predominantly manual occupations.

RelatedPosts

Minister Matawalle joins Tinubu as Air Force inducts five helicopters

DBN–SHF Programme: Preparing Nigeria’s Sanitation and Menstrual Health Entrepreneurs for Sustainable Finance

Minister Matawalle woos global defence firms to boost Nigeria’s military production

The IMF, however, warned that despite the country’s strong potential, weak infrastructure, unreliable electricity, limited digital connectivity and skills shortages continue to threaten AI adoption across Sub-Saharan Africa.

It said, “Artificial intelligence (AI) is emerging as a general-purpose technology with the potential to reshape productivity, labour markets, and growth trajectories worldwide.

“For Sub-Saharan Africa, the central concern is not the risk of technological disruption, but whether countries will be able to adopt, adapt, and scale AI quickly enough to capture its benefits and avoid falling further behind.”

According to the report, countries that strengthen digital infrastructure, improve electricity supply, invest in technical skills and establish sound governance frameworks stand to unlock significant economic benefits from AI.

ALSO READ:  NCC Mandates Telecom Operators to Compensate Subscribers for Poor Service

The IMF projected that, depending on policy choices and the pace of AI adoption, productivity across Sub-Saharan Africa could rise by between 0.2 per cent and 2.1 per cent over the next decade, with the potential to add almost half a percentage point to annual GDP growth.

Explaining Nigeria’s ranking, the Fund said the country’s employment structure more closely resembles that of emerging market economies than many of its regional peers, placing it in a stronger position to benefit from AI-driven innovation.

It cautioned, however, that the projections reflect current conditions rather than the technology’s full potential.

“These estimates should be interpreted as a current-conditions diagnostic rather than a forecast of AI’s technological potential.

“They reflect today’s low adoption, infrastructure gaps, and sectoral structure; they do not capture the full range of gains that could arise from faster diffusion, structural transformation, public sector applications, or AI-enabled innovation,” the report stated.

The IMF also warned that failure to address existing structural challenges could widen the development gap between Africa and advanced economies.

“The region’s AI trajectory is not predetermined: Policy choices will shape whether AI supports convergence or deepens divergence,” it said.

Despite the challenges, the Fund noted encouraging progress across the region, with AI increasingly being deployed in agriculture, financial technology, healthcare, education and public service delivery.

It added, “AI presents a narrow but meaningful window of opportunity for countries in Sub-Saharan Africa to accelerate growth and improve living standards. The region does not need to be at the technological frontier to benefit, but it must be able to adopt, adapt, and scale AI rapidly and inclusively.”

ALSO READ:  No More Cash Payments At Post Offices From July 1—NIPOST
Previous Post

Africa Will Win World Cup Soon— CAF President

Next Post

Telcos demand FCCPC, NCC framework to prevent airtime credit disruptions

Elanza

Elanza

Related Posts

Minister Matawalle joins Tinubu as Air Force inducts five helicopters

Minister Matawalle joins Tinubu as Air Force inducts five helicopters

by Ojimaojo Abubakar
October 30, 2026
0

The Nigerian Air Force has inducted five helicopters to strengthen aerial surveillance and support military operations against terrorism and insurgency...

DBN–SHF Programme: Preparing Nigeria’s Sanitation and Menstrual Health Entrepreneurs for Sustainable Finance

DBN–SHF Programme: Preparing Nigeria’s Sanitation and Menstrual Health Entrepreneurs for Sustainable Finance

by Ojimaojo Abubakar
October 29, 2026
0

Hundreds of sanitation and hygiene entrepreneurs across Nigeria are now better equipped to access finance, and lenders are better prepared...

Minister Matawalle woos global defence firms to boost Nigeria’s military production

Minister Matawalle woos global defence firms to boost Nigeria’s military production

by Ojimaojo Abubakar
October 29, 2026
0

The Minister of State for Defence, Bello Matawalle, has held talks with local and international defence industry leaders as Nigeria...

Next Post
Court Blows Whistle on FCCPC’s Airtime Lending Bid

Telcos demand FCCPC, NCC framework to prevent airtime credit disruptions

Peller, Jarvis share pre-wedding photos

Peller, Jarvis share pre-wedding photos

Recommended

Shoprite to reopen with neighbourhood stores after financial struggles

Shoprite to reopen with neighbourhood stores after financial struggles

6 days ago
Flutterwave appoints banking expert to drive Asia-Africa expansion

Flutterwave appoints banking expert to drive Asia-Africa expansion

6 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Drama In FCT Polls As APC, PDP Candidates Step Down For Each Other

    0 shares
    Share 0 Tweet 0
  • Boost Military Morale Through Positive Coverage, Media Told

    0 shares
    Share 0 Tweet 0
  • Tiv People Of Benue State Celebrates Cultural Day In Sokoto

    0 shares
    Share 0 Tweet 0
  • Karu SSA Mobilises Youths For APC Ahead Of 2027

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (26)
  • Business (882)
  • Education (286)
  • Entertainment (475)
  • Health (261)
  • National (3,566)
  • News (11,329)
  • Opinion (508)
  • Politics (2,364)
  • Science (15)
  • Security (422)
  • Sports (794)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform