EXPERTS ADVOCATE BALANCED AI REGULATION TO UNLOCK NIGERIA’S DIGITAL ECONOMY POTENTIAL

Technology experts and policymakers have called for a balanced regulatory framework for Artificial Intelligence (AI) to harness its full potential in driving Nigeria’s digital economy while safeguarding citizens’ rights and national security.

At a recent high-level forum, participants emphasised that overly restrictive regulations could stifle innovation and slow digital transformation, while insufficient oversight might expose the country to risks such as data privacy breaches, job displacement, and ethical concerns. They advocated for smart regulation that encourages responsible AI adoption across sectors like healthcare, agriculture, education, and finance.

Speakers highlighted successful models from other emerging markets where clear guidelines have boosted investor confidence and accelerated AI integration. They urged the government to collaborate with private sector players, academia, and civil society in developing comprehensive AI policies that promote local content development and capacity building.

Experts also stressed the importance of investing in digital infrastructure and skills training to ensure Nigerians are not left behind in the global AI revolution. The consensus was that a well-crafted regulatory environment could position Nigeria as a leader in Africa’s digital economy.

Stakeholders believe timely and balanced action on AI governance will be key to unlocking sustainable economic growth and innovation.