RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

FG Unveils Winners of NAIR Programme: 45 Startups and Individuals to Receive N5 Million for AI Projects

Stephen Akudike by Stephen Akudike
December 20, 2023
in Economy
Reading Time: 2 mins read
A A
0
FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

In a significant move to foster innovation and advance artificial intelligence (AI) capabilities in Nigeria, the Federal Government has announced the winners of the Nigeria Artificial Intelligence Research (NAIR) programme. The selected individuals and startups, numbering 45 in total, represent diverse sectors such as education, healthcare, and technology.

Minister of Communication, Innovation, and Digital Economy, Bosun Tijani, revealed that each of the chosen startups would be awarded a grant of N5 million from the Nigerian government. This financial support aims to accelerate the development of their AI projects, contributing to the growth of the tech ecosystem in the country.

AlsoRead

Nigeria’s Inflation Rate Declines to 23.71% in April 2025

CBN Launches Diaspora BVN Platform, Targets $1 Billion Monthly Remittances

World Bank Forecasts 22.1% Inflation for Nigeria in 2025 Amid Monetary Tightening

Tijani emphasized the broad impact of the AI researchers’ work, spanning critical areas like healthcare, agriculture, finance, and education. He believes that their innovations have the potential to elevate Nigeria’s tech landscape on the global stage.

“The 45 persons and startups selected for the project are some of the best among the many who showed interest in the scheme. After a rigorous evaluation process, with the help of 26 distinguished Nigerian AI experts worldwide, we have identified some exceptional proposals from individuals excelling in AI research,” stated Tijani.

The program is envisioned to not only provide financial aid but also to promote knowledge-sharing and partnership within the AI industry. Tijani anticipates that this initiative will foster a vibrant and sustainable AI landscape in Nigeria.

“From healthcare to agriculture, finance to education, these brilliant researchers are poised to propel Nigeria’s tech landscape onto the global stage. These proposals tackle some of our most pressing challenges and offer the potential to revolutionize industries, empower communities, and unlock a future full of possibilities,” added Tijani.

The selected startups cover a wide range of AI sectors, with a focus on addressing pressing challenges in healthcare. Some notable recipients of the N5 million grant include TechCare Diagnostics Research Team, Quantum Innovative Tech Solutions Ltd, and Lagos State University.

To further encourage innovation, the Minister of Communications, Innovation, and Digital Economy also invited Nigerians to apply for the Agriculture Demonstration Project, offering a chance to receive N10 million. This initiative aligns with the government’s commitment to supporting groundbreaking projects across various sectors, driving economic growth and technological advancement in the country.

To See full list click the link https://drive.google.com/file/d/1Bz8YukA3_1BxV46bm3MiCPlEpJQd4-Bl/view

 

Previous Post

Domestic Borrowing Soars by 134%, Reaches N52 Trillion

Next Post

Naira Remains Under Pressure as Reserves Dwindle and FX Shortages Persist

Related News

Navigating Inflation Crossroads: Nigeria’s Economic Odyssey Amidst Global Trends

Nigeria’s Inflation Rate Declines to 23.71% in April 2025

by Stephen Akudike
May 16, 2025
0

Nigeria’s inflation rate eased slightly in April 2025, with the National Bureau of Statistics (NBS) reporting a year-on-year rate of...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Launches Diaspora BVN Platform, Targets $1 Billion Monthly Remittances

by Jide Omodele
May 14, 2025
0

The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has unveiled a new digital...

World Bank Forecasts 22.1% Inflation for Nigeria in 2025 Amid Monetary Tightening

by Jide Omodele
May 14, 2025
0

The World Bank has projected that Nigeria’s inflation rate will average 22.1% in 2025, as the Central Bank of Nigeria...

Naira appreciated to N738/$ in the Parallel Market

Naira Faces Pressure as Dollar Strengthens Despite Nigeria’s Oil Output Gains

by Stephen Akudike
May 14, 2025
0

The Nigerian naira remained under pressure in the parallel market, trading around N1,620.25/$ as demand for the U.S. dollar continued...

Next Post
Naira Steadies on Parallel Market as CBN Clears Backlog

Naira Remains Under Pressure as Reserves Dwindle and FX Shortages Persist

Leave a Reply Cancel reply

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

Recommended

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Stock Market Rallies as NESTLE, HONEYFLOUR Lead Gainers

May 16, 2025
CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

CBN Bolsters Non-Oil Export Strategy Amid Oil Price Slump

May 16, 2025

Popular Story

  • Decades of Operating Budget Deficits Responsible for Nigeria’s High Debt Profile, says DMO.

    FG Raises N346.155 Billion in November Bond Auction Amid Increased Allotments

    0 shares
    Share 0 Tweet 0
  • BlackRock Joins Blockchain Platform Axoni for Equity Swap Trades

    0 shares
    Share 0 Tweet 0
  • World Bank Predicts Steady Economic Growth for Nigeria in 2025 and 2026

    0 shares
    Share 0 Tweet 0
  • Fair Money Job Opening: Regional Sales Manager

    0 shares
    Share 0 Tweet 0
  • Diaspora Remittances: Costs for Sending Money to Sub-Saharan Africa Rise to 7.9% – World Bank

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
?>