Nigeria and other developing countries risk missing the artificial intelligence revolution unless they urgently embrace and adapt the technology to their local realities, the World Bank Group’s Chief Economist and Senior Vice-President for Development Economics, Indermit Gill, warned on Wednesday.
Gill gave the warning while delivering the keynote address at the 7th Africa Emerging Markets Forum in Abuja, organised by the Central Bank of Nigeria in collaboration with the Emerging Markets Forum and the Centre for the Study of the Economies of Africa.
He cautioned governments against allowing fears of job losses associated with AI in advanced economies to shape policies in countries such as Nigeria.
Gill said, “There is a danger that countries like Nigeria, countries like India and others will miss this industrial revolution.”
Drawing a historical comparison, he added, “You have to remember… what happened when we missed the Industrial Revolution? You ended up being behind for
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