Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has called on African countries to make strategic investments in reliable electricity, affordable internet connectivity and digital infrastructure, saying they are critical to unlocking the continent’s artificial intelligence (AI) economy and strengthening its global competitiveness.
Cardoso made the call during the 7th African Emerging Markets Forum held at the Central Bank’s headquarters in Abuja, where he outlined the infrastructure and human capital needed for Africa to harness the opportunities presented by AI.
According to the CBN governor, Africa cannot fully participate in the rapidly evolving AI economy without first addressing fundamental infrastructure gaps that continue to limit innovation, entrepreneurship and digital inclusion across the continent.
“Africa must invest in the foundations of an AI-enabled economy: including reliable electricity, affordable connectivity, digital infrastructure and, above all, a generation of AI-savvy young Africans ready to build solutions for the continent and compete
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