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The rapid advancement of technology, particularly in artificial intelligence (AI), is transforming various sectors in Nigeria, including healthcare, finance, education, and agriculture. Disruptive innovations are reshaping traditional practices, creating new markets, and presenting both opportunities and challenges for development. The Nigerian government and private sector are increasingly recognizing the importance of these technologies in addressing socio-economic issues.
Nigeria's tech ecosystem has flourished, with cities like Lagos and Abuja becoming vibrant hubs for innovation. The Nigerian Startup Act of 2022 and the establishment of research centers signify a commitment to fostering local solutions in AI. Companies like Paystack and Flutterwave are revolutionizing fintech, while educational initiatives are preparing the youth for a technology-driven future.
• AI is transforming sectors like agriculture and finance in Nigeria.
• The Nigerian Startup Act supports innovation and collaboration in technology.
AI refers to the simulation of human intelligence in machines, enabling them to learn and adapt.
Disruptive innovations significantly alter traditional practices, creating new markets and value networks.
Machine learning is a subset of AI that enables systems to learn from data and improve over time.
Paystack is a fintech company that simplifies payment processing for businesses and consumers in Nigeria.
Flutterwave provides a payment infrastructure that enhances financial services accessibility in Nigeria.
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