Nigeria could lose out on a massive $1.2 trillion share of the global artificial intelligence (AI) economy by 2030 if the government does not act quickly, according to Nigerian Communications Satellite Limited (NIGCOMSAT). The warning comes from NIGCOMSAT’s Managing Director, Nkechi Egerton-Idehen, who raised the alarm during the 12th Regular Meeting of the National Council for Communications, Innovation, and Digital Economy in Makurdi, Benue State.

Egerton-Idehen highlighted that AI is rapidly reshaping industries and economies worldwide, with global projections suggesting AI will contribute $15.7 trillion to the global economy by 2030. Africa stands to gain a significant portion of this growth, with $1.2 trillion up for grabs—provided the right policies and innovations are put in place.

She also pointed out that AI presents a unique opportunity for economic growth and even the achievement of food security for African nations. However, she stressed the importance of preparing to manage this technology responsibly and ensuring that the right steps are taken to fully embrace AI’s potential.

The NIGCOMSAT warning underscores the urgent need for Nigeria to act fast and develop the necessary infrastructure and policies to make the most of the AI revolution. If the government does not prioritize AI, Nigeria risks missing out on one of the most significant economic opportunities of the next decade.