Nigerian start-ups are at the forefront of a monumental AI innovation race, crafting inventive digital solutions to address cross-continental challenges. As Africa’s largest economy takes center stage at the upcoming tech and start-up event in Marrakech, Morocco, the best and brightest will showcase their talents, rivalling Silicon Valley’s finest.
GITEX Africa provides a platform for African innovators to demonstrate their prowess in cutting-edge technologies, and Nigerian start-ups are proving to be at the forefront of this movement.
Nigerian start-ups are showcasing a diverse range of AI applications across various sectors. From healthcare and agriculture to finance and transportation, these innovators are leveraging AI to address pressing challenges and drive socio-economic development.
During GITEX Africa 2024’s Al Everything Expo, running from May 29 to 31, Nigeria’s tech prowess will take center stage. The event will spotlight the nation’s advancements in AI, presenting solutions that draw attention from global venture capital and investors.
Organizers emphasized the heightened demand, driven by Nigeria’s remarkable AI growth potential. Analysts project that the Nigerian AI market will exceed $1 billion in 2024, with a projected annual growth rate of 17% over the next seven years, reaching $3 billion by 2030.
A noteworthy Nigerian innovation is Farmatrix, a SaaS platform transforming agriculture. Leveraging sophisticated AI algorithms, Farmatrix links farmers with agro-commodity aggregators and buyers instantly, slashing post-harvest losses and boosting profits. Nyafamu Manzo, the founder of Farmatrix, underscores the platform’s significance, pointing out that over 60% of smallholder farmers in Nigeria grapple with losing nearly half of their post-harvest yield due to limited market access.
FundusAI is another notable Nigerian innovation, the continent’s premier AI-powered diabetic care ecosystem. This innovative platform revolutionizes eye health by enabling early detection of Diabetic Retinopathy. Abulmalik Adeyemo, CEO and Founder of FundusAI, envisions diagnosing over five million patients annually by 2027 and expanding the platform’s capabilities to encompass additional eye health issues.
GITEX Africa stands as a source of inspiration and motivation for Nigerian start-ups, highlighting their talent, creativity, and determination to advance AI innovation. As they persist in overcoming obstacles and defying expectations, Nigerian entrepreneurs are demonstrating the bright and promising future of technology in Africa.
