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 Posts N12.60 Trillion Trade Surplus in Q2 2026 as Exports Outpace Imports

How Regulatory Costs Approaching 30% Are Raising the Price of Housing in Lagos

External Reserves Climb Above $54 Billion, Highest Level in 18 Years

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

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

Nigeria Posts N12.60 Trillion Trade Surplus in Q2 2026 as Exports Outpace Imports

by Victoria Attah
September 8, 2026
0

Nigeria recorded a trade surplus of N12.60 trillion in the second quarter of 2026 after export earnings substantially exceeded imports,...

Experts Suggest Now Might Be the Ideal Time for Property Investment in the UK

How Regulatory Costs Approaching 30% Are Raising the Price of Housing in Lagos

by Victoria Attah
September 7, 2026
0

Last year a developer in Akoka, Yaba, began blockwork three weeks after receiving a Lagos State Physical Planning Permit Authority...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

External Reserves Climb Above $54 Billion, Highest Level in 18 Years

by Jide Omodele
September 7, 2026
0

Nigeria’s external reserves crossed the $54 billion mark on 3 August 2026, reaching their highest level in 18 years. Central...

Nigeria’s GDP increased by 3.52% in the fourth quarter of 2022.

GDP Growth Accelerates to 4.43% in Q2 2026 on Stronger Agriculture and Services

by Victoria Attah
September 1, 2026
0

Nigeria’s real Gross Domestic Product expanded by 4.43 per cent year-on-year in the second quarter of 2026, up from 4.23...

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

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

Trade Surplus More Than Doubles to N12.6 Trillion as Exports Climb

September 8, 2026
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

N4.66 Trillion Liquidity Surplus Eases Funding Pressure on Banks

September 8, 2026

Popular Story

  • CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

    N4.66 Trillion Liquidity Surplus Eases Funding Pressure on Banks

    0 shares
    Share 0 Tweet 0
  • Nigeria Posts N12.60 Trillion Trade Surplus in Q2 2026 as Exports Outpace Imports

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • SEC Approves International Breweries’ N588 Billion Rights Issue

    0 shares
    Share 0 Tweet 0
  • Telecom Operators Block Over 40 Million Telephone Lines as SIM-NIN Deadline Expires

    0 shares
    Share 0 Tweet 0

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}
?>