Nigeria is rapidly solidifying its position as a leader in Africa’s Fourth Industrial Revolution, with its digital transformation market projected to rise to $22.82 billion by 2029, according to a new report by Rome Business School Nigeria.
The report, released today, highlights Nigeria’s burgeoning adoption of Artificial Intelligence, the Internet of Things, and robust broadband infrastructure, positioning the nation at the forefront of the continent’s digital evolution.
Driving this transformative growth are the finance and telecommunications sectors.
The latest report reveals that approximately 32% of financial service providers in Nigeria now leverage AI for critical functions such as credit scoring, fraud detection, and enhanced customer engagement.
