Nigeria Artificial Intelligence (AI) Market Zooming 5.6X to Surpass USD 4.3 Billion by 2031

Published | 28 July 2025

Nigeria Artificial Intelligence (AI) Market is flourishing because of increasing government support and national AI strategies, the continuous expansion of digital infrastructure and internet penetration, and the rising adoption of AI across critical sectors of the country.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Nigeria Artificial Intelligence (AI) Market size at USD 767.02 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Nigeria Artificial Intelligence (AI) Market size to boom at a robust CAGR of 28.07% reaching a value of USD 4,333.11 million by 2031. The growth of Artificial Intelligence (AI) Market in Nigeria is propelled by robust government support, increasing private sector innovation, and a tech-savvy populace. The 2024 launch of the National Artificial Intelligence Strategy (NAIS) is key to building foundational AI infrastructure and promoting ethical AI adoption across healthcare, agriculture, finance, and education. Nigeria has emerged as a regional AI leader, with AI startups more than doubling and attracting over $120 million in funding between 2022 and 2024. AI applications are already enhancing financial inclusion, medical diagnostics, personalized learning, and precision farming, with mobile AI solutions gaining traction due to rising smartphone usage. Companies like PayStack, LifeBank, uLesson, FarmCrowdy, and Helium Health are leading successful AI deployments, solidifying Nigeria's position in the global AI landscape.

Opportunity – Rising International Funding and Partnerships

Rising international funding and strategic partnerships are unlocking substantial growth opportunities in Nigeria Artificial Intelligence (AI) Market. The government's increasing engagement with global tech giants reflects its ambition to position Nigeria as a regional AI leader. At GITEX Africa, the National Information Technology Development Agency (NITDA) emphasized AI as a transformative tool for policy, leadership, and innovation. This vision is supported by major initiatives, including a NGN 2.8 billion Google grant to nurture AI talent and the Nigeria AI Accelerator Programme launched in partnership with Meta. These efforts are further strengthened by a USU 1.5 million commitment from Luminate and a NGN 100 million AI fund supporting local startups. Additionally, the Nigeria Artificial Intelligence Research Scheme, which offers funding to 45 consortia of startups and researchers, demonstrates a long-term commitment to integrating AI into key sectors such as healthcare, agriculture, education, and finance. These partnerships not only drive innovation but also foster a sustainable AI ecosystem, enabling Nigeria to compete on the global stage and fueling its digital economy through inclusive, tech-driven development.

Sample Request: https://www.blueweaveconsulting.com/report/nigeria-artificial-intelligence-market/report-sample

Impact of Escalating Geopolitical Tensions on Nigeria Artificial Intelligence (AI) Market

Intensifying geopolitical tensions could disrupt the growth of Nigeria Artificial Intelligence (AI) Market. Rising global uncertainties may disrupt international collaborations, restrict access to advanced technologies, and hinder foreign investments crucial for AI development. Sanctions, trade restrictions, or diplomatic strains with key technology partners could limit the import of AI-related hardware, software, and research support. Additionally, geopolitical instability may shift government priorities away from innovation toward national security and crisis management, slowing policy execution and funding allocation. These factors collectively pose challenges to the sustained growth of Nigeria’s AI ecosystem, potentially delaying the country’s progress in becoming a regional leader in AI innovation.Top of Form

Software Dominates Nigeria Artificial Intelligence (AI) Market

The software segment holds a significant market share in Nigeria Artificial Intelligence (AI) Market by component, a position solidified by continuous advancements in data storage, computing power, and parallel processing, which are crucial for delivering sophisticated AI services. This segment excels in extracting valuable data, generating real-time insights, and supporting strategic decision-making. AI software solutions, encompassing libraries and tools for developing and deploying applications like video analytics, inference, and hardware integration, are seeing escalating demand as businesses increasingly leverage visual data analysis for actionable insights. This trend is expected to drive steady growth in the coming years.

Competitive Landscape

Major companies in Nigeria Artificial Intelligence (AI) Market include Data Science Nigeria (DSN), Co-Creation Hub (Cc-HUB), National Centre for Artificial Intelligence and Robotics (NCAIR), GMind AI, Nomba (formerly Kudi.ai), Curacel, Awarri, Intelia, RxAll, Jamborow, MyCover.ai, Zeeh Africa, CDIAL (Centre for Digitization of Indigenous African Languages), Terragon Group, and Andela. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.

Don’t miss the business opportunity in Nigeria Artificial Intelligence (AI) Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Nigeria Artificial Intelligence (AI) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Nigeria Artificial Intelligence (AI) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com