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Google Grant Nigeria N2.8bn AI Fund

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Bosun Tijani, the Minister of Communications, Innovations and Digital economy says the federal government has secured N2.8 billion grant from Google to boost artificial intelligence (AI) talent development in the country.

The Minister discloses this at a press briefing in Abuja on Thursday. Tijani said that the support comes one month after the government partnered with Google to launch a N100 million AI fund initiative in Nigeria.

” The fund is part of Google’s $5.8 million commitment to support digital skills programmes across sub-Saharan Africa.

“This support from Google is a testament to our commitment to positioning Nigeria as a leader in AI innovation,” the minister said.

Matt Brittin, President, Google EMEA, said the grant will be implemented in Nigeria through the government’s ongoing three million technical talents (3MTT) programme with a focus on 20,000 Nigerians with AI skills.

The 3MTT, launched on October 13, is a four-year programme aimed at training Nigerians and building the country’s technical talent backbone to power the digital economy and position Nigeria as a net talent exporter.

Brittin added that through the scheme, 125,000 educators will be trained and 10 promising Nigerian AI startups will be empowered with N100 million.

” I am pleased to announce that Google.org is providing N2.8 billion (or approximately $1.7 million) in funding to the Data Scientists Network Foundation, supporting the honourable minister’s vision for AI growth in Nigeria,” Brittin said.

“This funding will be directed toward critical initiatives that advance AI skills and opportunities across the country. Through this grant, we’re supporting the FMCIDE’s 3 Million Technical Talents (3MTT) program, with a focus on equipping 20,000 young Nigerians with advanced skills in AI and data science.

“Additionally, the Experience AI Program, developed with the Raspberry Pi Foundation, will train 25,000 educators to inspire and educate 125,000 young learners, introducing them to AI fundamentals.

The AI Fund, created in collaboration with NCAIR, is providing 10 promising Nigerian AI startups with N100 million in funding, alongside up to $3.5 million in Google Cloud Credits, mentorship from Google engineers, and technical support.”

Brittin said BetaLife Health, Bunce, CDIAL AI, Farmspeak, Lendsqr, ProDevs, Rana Energy, SaaSPro Health, Towntalk and Trade Lenda, are the 10 startups selected for the AI fund.

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Naira Exchange Rates Thursday, 5 Nov 2026

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BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

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NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.

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Naira Exchange Rates Wednesday, 4 Nov 2026

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BLACK/PARALLEL MARKET RATES

1390DOLLAR (US

₦1835POUND (GBP)

₦1510EURO (EUR

₦970 CANADIAN DOLLAR (CAD)

₦65 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED)

₦190 CHINESE YUAN (CNY)

₦100 GHANAIAN CEDI (GHS)

₦2300 West African CFA F.(XOF)

₦2200 Central African CFA F.(XAF)

₦850 Australian Dollar AUSSIE (AUD)

OFFICIAL CBN EXCHANGE RATES

DOLLAR (USD)₦1346.93

POUND (GBP)₦1807.72

EURO (EUR)₦1512.26

SWISS FRANC (CHF)₦1644.21

JAPANESE YEN (JPN)₦8.52

West African CFA FRANC (XOF)₦2.30

WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1825.03

CHINESE YUAN (CNY)₦201.92

SAUDI RIYAL (SAR)₦359.15

SOUTH AFRICAN RAND (ZAR)₦81.37

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