Bosun Tijani is the Nigerian Minister of Communications, Innovation and Digital Economy Bosun Tijani, Nigerian Minister of Communications, Innovation and Digital Economy, mentioned on October 13, 2023, Friday, that the government plans to grant about 5 million naira ($6,444) to 45 artificial intelligence (AI)–focused startups and researchers, stated Cointelegraph. This initiative is expected to be closed by the minister in a post on X and is part of the recently introduced Nigeria Artificial Intelligence Research Scheme. It is believed that the new scheme can facilitate the use of AI to drive economic advancement. Sources revealed that the focus areas include agriculture, education and workforce, finance, governance, healthcare, utility and sustainability, among others. According to the ministry to be eligible for a grant, applicants are expected to form a consortium including a startup or tech company, a researcher from a Nigerian university or a foreign researcher, Cointelegraph added. DPDP Act revolutionising third-party risk management in India Furthermore, the users need to provide a comprehensive proposal highlighting the project’s potential economic impact in Nigeria, Cointelegraph concluded. (With insights from Cointelegraph)
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