Legal experts have pointed out the significant economic opportunities presented by Artificial Intelligence , saying that Nigeria’s AI market is projected to reach $4.64 billion by 2030.
Oriakhogba said as Nigeria continues to adopt and integrate AI technologies, it will create jobs, enhance business efficiency, and improve service delivery in sectors such as healthcare and agriculture. On AI’s influence in Africa, especially Nigeria, Oriakhogba said: “AI is making significant impacts in various sectors including legal processes, business ethics, governance, democracy, gender equality, human rights and the rule of law.”
He maintained that “a regulatory regime that ensures transparency, accountability, and ethical use of AI is crucial for fostering innovation while safeguarding ethical standards.” “A tax man must take the right information at the right time, but we know what happens in companies with multiple sets of accounts,” he said. The chairman of the NBA Ikeja Branch, Mr. Seyi Olawumi explained that the purpose of the Business Forum is to serve as a platform for sharing insights, fostering connections and exploring the evolving landscape of business law.
The chairperson, NBA Ikeja Business Forum, Mrs. Ajoke Akinsola, emphasised the need to bridge the gap between in-house counsel and the larger bar. She highlighted the forum’s mission to unite in-house counsels and the broader legal community through programmes and activities aimed at addressing common challenges.
A provider of tech education and training, Kedrus Academy, has announced a strategic initiative to address Nigeria’s digital skills gap with a target to train about 20,000 professionals and young adults in data and Artificial Intelligence skills and literacy by the year 2030.