Nigeria’s NITDA advocates AI integration in payments for global recognition

In a bid for greater planetary designation and home usage of the Nigeria Payments System, the Director-General (DG) of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has stressed the value of collaboration betwixt NITDA, the Central Bank of Nigeria (CBN) and fiscal institutions. 

In an interrogation with Cointelegraph astatine the CBN’s 2023 Payments System Management Departmental Retreat program, Inuwa said collaboration is indispensable to leverage emerging technologies specified arsenic artificial quality (AI) and Data Analytics to deepen integer payments.

The DG said fiscal exertion (fintech) has shown it tin assistance thrust Nigeria’s show successful the manufacture and Environmental, Social, and Governance (ESG) sectors, particularly with the exertion of a developmental regularisation attack and enabling policies co-created by the tech ecosystem.

Image of the Director-General (DG) of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi. 

Inuwa said it’s important for measures to beryllium deliberately taken to reap the benefits and forestall the impending threats of AI and emphasized that NITDA volition beryllium moving collaboratively with CBN, arsenic with others, successful regulating the AI space. He added that if CBN adopts a peculiar technology, the imaginable of specified tech to determination rapidly is high.

Asked astir Nigeria’s strategy astir the opportunities and threats posed by artificial intelligence, Inuwa explained that the national authorities had noted the trajectory of AI models, which person seen maturation proportions displacement from linear to geometrical. He added that the authorities had, successful the erstwhile administration, started moving connected an Artificial quality Policy done the Agency, which helium said would beryllium soon unveiled to the public.

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This AI Policy volition service arsenic the instauration for outlining rules, and agencies similar NITDA, tasked with implementation, volition sermon strategies, frameworks, and guidelines for adopting and deploying artificial intelligence. Inuwa noted,

“Although artificial quality is often regarded arsenic a double-edged sword, the imaginable and benefits are tangible but not without a batch of threats, and that is isolated from the biases that abound, notwithstanding, our regulatory attack has ever been not to stifle innovation.,” 

Inuwa, portion citing a database of different policies of the national authorities for the industry, claimed that the initiatives are startup ecosystem-friendly.

Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, precocious unveiled the 3 Million Technical Talent (3MTT) program. This is intended to offer over 1 cardinal applicants the accidental to travel an introductory artificial quality (AI) course.

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