Google tools and services have enabled an estimated $1.8 billion in Nigeria’s economy in 2023.
This means Google’s tools and services will grow the Nigerian economy by an estimated $1.8 billion in 2023, according to a new report from Public First focused on the impact of digital technology in Nigeria. .
The report tagged “Nigeria’s Digital Opportunities” released yesterday found that the services that generated this amount for Nigerians include Google Search, Ads, Google Play, YouTube, Google Cloud; It has shown that the productivity of Nigerian businesses, creators, and users has increased significantly. laborer.
He added that Google’s initiatives such as digital skills programs and career certification programs will help millions of Nigerians, with more than 1.5 million young people learning new digital skills in 2023 alone.
The report noted that Nigeria is undergoing rapid digital development and highlighted the potential for further growth.
According to the study, every $1 invested in digital technology in Nigeria generates more than $8 in economic value. This highlights the critical role that digital technologies such as connectivity, cloud computing and artificial intelligence (AI) will play in shaping the future of Nigeria’s economy.
The report estimates that AI has the potential to grow Nigeria’s economy by an additional $15 billion by 2030, with Google’s commitment to responsible AI development playing a pivotal role.
The report provided strategic recommendations to policymakers, advocating strengthening cloud-first policies and strengthening digital infrastructure to maximize the potential of AI in Nigeria.
It also highlights the need for enhanced STEM education and AI fluency to future-proof Nigeria’s workforce.
Commenting on the report’s findings, Google’s West Africa Director Olumide Balogun said: The report highlights the importance of continued investment in digital skills and infrastructure to realize the full potential of Nigeria’s vibrant digital economy. ”
Amy Price, director and head of technology policy at Public First, added in a comment: “Nigeria is a digital frontrunner in Africa and investments in technology will be a powerful catalyst for further growth and development across the country.” This is especially true when it comes to connectivity, cloud computing and artificial intelligence. That’s true. ”
