Artificial Intelligence

<img width="800" height="533" src="https://cdn.thebittimes.com/images/2023/10/17/f42fbd398e232ce9f226f159307a1a7c.webp" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" srcset="https://cdn.thebittimes.com/images/2023/10/17/f42fbd398e232ce9f226f159307a1a7c.webp 800w, https://cdn.thebittimes.com/images/2023/10/17/f42fbd398e232ce9f226f159307a1a7c.webp 450w, https://cdn.thebittimes.com/images/2023/10/17/f42fbd398e232ce9f226f159307a1a7c.webp 750w, https://cdn.thebittimes.com/images/2023/10/17/f42fbd398e232ce9f226f159307a1a7c.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
The Nigeria Artificial Intelligence Research Scheme, recently introduced, aims to promote the extensive application of AI to drive economic progress. On Friday, October 13th, the Nigerian Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, unveiled a groundbreaking plan. The government’s intention is to allocate 5 million naira (equivalent to $6,444) to 45 startups and researchers with a profound focus on artificial intelligence (AI).
This initiative was publicly disclosed by the minister through a post on X (formerly known as Twitter). It constitutes a pivotal component of the newly introduced Nigeria Artificial Intelligence Research Scheme, which seeks to facilitate the widespread integration of AI to catalyze economic advancement.
Exploring the official website of this scheme, we discover that its key focus areas encompass agriculture, education, workforce development, finance, governance, healthcare, utility services, and sustainability. To qualify for a <a rel="noopener noreferrer nofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>, applicants are required to establish a consortium that includes a startup or tech company, a researcher affiliated with a <a rel="noopener noreferrer nofollow" title="Nigerian" href="https://thebittimes.com/tag/nigerian.html">Nigerian</a> university, or a foreign researcher, as stipulated by the ministry.
Applicants must present a research proposal that aligns harmoniously with the Ministry of Communications, Innovation, and Digital Economy’s areas of AI concentration. Furthermore, their proposal should encompass a comprehensive evaluation of the project’s potential economic impact within Nigeria.
Moreover, candidates must demonstrate a proven track record of excellence either in research or entrepreneurship. They are expected to publish at least one peer-reviewed article within a year of receiving the grant. It’s also noteworthy that in August, the Nigerian government extended an invitation to scientists of Nigerian descent and globally renowned experts who have engaged in the Nigerian market. The aim is to foster collaboration in the formulation of the National Artificial Intelligence Strategy.
The application period commences on October 13, 2023, and concludes on November 15, 2023. The ministry has made it clear that a panel of AI specialists will be entrusted with evaluating the proposals.
The post The <a rel="noopener noreferrer nofollow" title="Nigerian" href="https://thebittimes.com/tag/nigerian.html">Nigerian</a> <a rel="noopener noreferrer nofollow" title="government" href="https://thebittimes.com/tag/government.html">government</a> <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> AI <a rel="noopener noreferrer nofollow" title="projects" href="https://thebittimes.com/tag/projects.html">projects</a> with $290K in <a rel="noopener noreferrer nofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>s. appeared first on BitcoinWorld.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/the-nigerian-government-funds-ai-projects-with-290k-in-grants-tbt66716.html">https://thebittimes.com/the-nigerian-government-funds-ai-projects-with-290k-in-grants-tbt66716.html</a>

The Nigerian government funds AI projects with $290K in grants.

TheBitTimes

Other articles published on Oct 17, 2023

Guide to the Best NFT Marketplaces for 2023

British Government Confirms Crypto Holdings Exempt from “Help with Fees” Scheme Assessment

BTC price holds 6% gains as Bitcoin battles for 'crucial' $28K support

Binance US Crypto Assets Are No Longer FDIC-Insured!

Sharbi's Arrival on Shibarium: An Anticipated Boost in Meme-Crypto Sphere

BlackRock's Bitcoin ETF Approval Rumors Debunked, SEC Review Continues

Join our free newsletter for daily crypto updates!