Google report highlights digital technology’s impact on Nigeria’s economy
By Seun Johnson
A new Google report has confirmed that Nigeria generates over $8 in economic value for every $1 that is invested in digital technology.
The Google’s research which is independently conducted by Public First shows the crucial role of digital technology in shaping the Nigerian economy especially connectivity, cloud computing and artificial intelligence.
Aside from highlighting the transformative impact of digital technology on the economy across the country, the report also reveals how Google’s products and infrastructures are driving the nation’s digital transformation, contributing significantly to the economic growth.
According to the report, in 2023, Google’s products and services such as Search, Ads, YouTube, and Cloud contributed about $1.8 billion to economic activity in Nigeria, boosting the productivity of businesses, content creators, and workers.
Similarly, over 1.5 million Nigerian Youths were said to have acquired new digital skills through programs like Digital Skills for Africa and the Career Certificates Program which empowered a new generation of workforce and entrepreneurs.
It further projects that AI could increase Nigeria’s economy by an additional $15 billion by 2030, emphasizing Google’s commitment to responsible AI development as a cornerstone of the projected growth.
The report however provides strategic recommendations for government, advocating for increased cloud-first policies and enhanced digital infrastructure in order to fully harness AI’s potential in Nigeria. Also, it highlights the importance of bolstering STEM education and promoting AI literacy to prepare Nigeria’s workforce for the future.
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