Nigeria could earn $58 billion from Artificial Intelligence by 2030 if it mirrors the success of its mobile money revolution, says Ola Williams, Managing Director of Microsoft Nigeria and Ghana.In a commentary, Williams drew strong parallels between Nig… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader AI to power $58bn boost for Nigeria's economy by 2030 By Busola Bamidele on May 4, 2025 Nigeria could earn $58 billion from Artificial Intelligence by 2030 if it mirrors the success of its mobile money revolution, says Ola Williams, Managing Director of Microsoft Nigeria and Ghana. In a commentary, Williams drew strong parallels between Nigeria's mobile money strides and AI's transformative potential, noting that Sub-Saharan Africa could gain $136 billion from AI-driven productivity with Nigeria capturing 43% of that value. She credited Nigeria's leadership in mobile money adoption, highlighting that over a third of new mobile money accounts in 2023 came from West Africa, with Nigeria as a major driver. Read also: AI to power $58bn boost for Nigeria's economy by 2030 FG disburses ₦1.48bn ⁶ to 29,000 small business owners Nigeria hosts first digital trade hackathon to unlock AfCFTA benefits for small businesses FCCPC says it won't back down as WhatsApp's parent threatens exit over $220m fine Ogun strengthens business infrastructure as state records six-year investment surge She urged a similar approach to AI with strategic investment, regulatory backing, and market-focused policies. Williams praised the Central Bank of Nigeria for setting the pace in digital finance through robust KYC and CDD regulations and emphasized that AI could spark a new industrial revolution across the continent.

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