NITDA’s NCLAIR launch ₦100 million initiative backed by Google to support local AI startups in Nigeria

The National Centre for Artificial Intelligence and Robotics (NCAIR) has announced the launch of a ₦100 million ($61,000) AI fund initiative with support from Google. The proposed fund is to support startups intending to harness the power of AI to drive development and innovation within the nation's digital sector with resources to fund and scale their solutions. 

The initiative follows a series of strategic programs proposed by the Ministry of Communication, Innovation & Digital Economy and is open to Nigerian startups focused on AI-driven solutions. Eligible and selected startups stand a chance to receive up to ₦10 million in funding coupled with Google's extensive resources, including AI tools, access to world-class mentors and a global network guaranteed to help them grow.

Earlier this year, the Ministry of Communications held an AI strategy workshop and brought major stakeholders within the sector to discuss the future of AI and its applications within the Nigerian economy. The workshop was followed by a National AI Intelligence Strategy in August 2024, highlighting some ways AI could be integrated into the economy to drive growth in major sectors. 

Speaking on the importance of the initiative the National Coordinator of NCAIR, Bunmi Ajala, noted that the partnership with Google reflects a shared commitment to advancing Nigeria's tech sector, adding that the AI Fund is intended to provide entrepreneurs with the resources to create impactful AI solutions.

"Our partnership with Google is a reflection of our shared vision for Nigeria’s technological advancement. The AI Fund is designed to empower our entrepreneurs with the resources they need to create impactful AI solutions. We are excited to see the transformative innovations that will emerge from this program.

Minister of Communications, Innovation and Digital Economy, Bosun Tijani also shared that the fund is necessary to nurture growth in the private sector while contributing to economic growth. 

“The AI Fund is a critical step in nurturing homegrown innovation that addresses local challenges and contributes to economic growth. By supporting our startups, we are not only investing in their success but also the future of Nigeria’s digital economy."

Successful applicants will be announced in October 2024, and the program will officially kick off after that.