A report by the World Trade Organisation (WTO), has shown that Artificial Intelligence can generate $126 billion in revenue and improve productivity for Nigeria and three other African countries.
Director General of the WTO, Ngozi Okonjo-Iweala revealed this at the convocation ceremony of the African University of Science and Technology, in Abuja.
“Artificial intelligence has implications on trade and jobs with African countries already well positioned to benefit from the tremendous potentials on trade and revenue generation
“It will shape international trade by reducing cost and accelerating growth as a report by the WTO shows that AI could increase global trade by 14 per cent and also add $126 billion dollars in productivity and output as Nigeria, Kenya, Ghana and South Africa are set to benefit,” she explained
Okonjo-Iweala also added that Artificial Intelligence will add about $15 trillion by 2030 as countries continue to capitalise on the benefits of the technology.
During the Group Managing Director/CEO of United Bank for Africa (UBA), Oliver Alawuba was conferred with an honorary doctorate in Business Administration
Director General of the National Identity Management Commission (NIMC), Engr. Abisoye Coker-Odusote was also honoured.
