Would you like to receive notifications on latest updates of the following headlines?

Nigerian Companies Eyeing $260 Billion Drone, Robotics, and AI Market

POSTED ON May 20, 2024 •   Uncategorized      BY Samuel O . Adeniyi
Robots and Artificial Intelligence | Photo Credit: The Guardian

Nigerian companies are seeking active participation in the rapidly growing global market for drones, robotics, and artificial intelligence (AI), projected to reach $260 billion in the next six years.

Currently estimated at $35.28 billion, this transformative technology has the potential to revolutionize various sectors, including agriculture, mining, healthcare, logistics, security, and entertainment.

Experts believe that the drone, robotics, and AI value chain can create numerous job opportunities in both small and large-scale businesses.

However, to fully harness this potential, they advocate for the formulation of a national plan or framework to guide and deepen Nigerian participation in the market.

Fortune Idu, convener of the Drone Technology Conference & Exhibition, emphasized the need for a comprehensive institutional framework to regulate drone operations in Nigeria.

He stressed the importance of involving all relevant government security and regulatory agencies in defining their roles within this rapidly evolving landscape.

While the Nigerian Civil Aviation Authority (NCAA) has established regulations for drone operations, Idu pointed out that many drone operators operate outside the aviation sector, necessitating a holistic approach to harmonize the business scope.

He emphasized the need for a robust regulatory framework to keep pace with the dynamic nature of the industry.

Dr. Emmanuel Meribole, Permanent Secretary of the Ministry of Aviation & Aerospace Development, affirmed the government's commitment to positioning Nigeria as a leader in the African drone market.

He highlighted ongoing regulatory efforts, including amendments to ICAO annexes and new procedures, that lay the groundwork for an international regulatory framework for drone operations.

Meribole assured that relevant authorities are working diligently to ensure that safety and security remain paramount in the regulation of drones. The NCAA has been tasked with providing robust oversight, including certification, registration, operations, and surveillance of drones.

He called on research centers to develop solutions for drone applications and production capabilities, aiming to establish Nigeria as a leading player in the industry rather than a mere consumer.

Collaboration between government, industry, and research institutions is seen as crucial to maximizing the benefits of drone technology while mitigating potential risks.

This proactive approach from Nigerian companies and the government reflects a growing recognition of the immense potential of drones, robotics, and AI to drive economic growth and innovation in the country.

READ ALSO
Ododo Reorganizes the Tourism Board, Kogi Hotels
BY Ebiakuboere England December 3, 2024 0

KOGI- Kogi State Governor Alhaji Ahmed Ododo has appointed former Kogi Hotels and Tourism Board Chai...

READ ALSO
Rivers Varsity Suspends Four Students For Assault
BY Benedicta Bassey June 16, 2024 0

The Rivers State University, Nkpolu-Oroworukwo, Port Harcourt has suspended four of its students con...

READ ALSO
French Embassy Unveils Waste Management Project Worth €753,000 in Varsities
BY Benedicta Bassey June 14, 2024 0

The French Embassy, via the Cooperation and Cultural Department, has launched a plastic waste manage...

READ ALSO
ATBU Enhances Research Capacity For Lecturers
BY Benedicta Bassey June 14, 2024 0

The management of the Abubakar Tafawa Balewa University, Bauchi, has enhanced research capabilities...

READ ALSO
Russia Dismisses Claim of Recruiting Nigerian Students For Ukranian War
BY Benedicta Bassey June 13, 2024 0

The Russian Embassy in Nigeria has debunked the claims of recruiting African students, particularly...

READ ALSO
Soludo Warns Tinubu Against Accepting Unsustainable Minimum Wage
BY Benedicta Bassey June 13, 2024 0

Anambra State Governor Charles Soludo on Thursday warned President Bola Tinubu against approving &ld...

READ ALSO
Obi Cubana Lauds Burna Boy For Settling Patients' Hospital Bills
BY Ebiakuboere England June 12, 2024 0

Award-winning Nigerian music star Damini Ogulu, also known as Burna Boy, has been praised by million...

READ ALSO
U.S Don Laments Poor State of Education in Nigeria
BY Benedicta Bassey June 12, 2024 0

A Doctorate in Computer Science from the University of the District of Columbia, in Washington, Unit...

OUR CHANNELS:

Tinubu's call for investment sparks concerns in Belgium over future oil trade
BY Abiodun Saheed Omodara February 27, 2025 0

Belgium has expressed concerns regarding the possible loss of a significant share of its petroleum p...


SCSN urges FG to address socioeconomic struggles amidst Muslim political discontent
BY Abiodun Saheed Omodara February 26, 2025 0

The Supreme Council for Shari'ah Council in Nigeria (SCSN) has voiced its disappointment regarding t...


Abia launches education task force to boost school attendance
BY Abiodun Saheed Omodara February 26, 2025 0

ABIA,Nigeria (NAN)- The Commissioner for Basic and Secondary Education in Abia, Goodluck Ubochi, ann...


Niger allocates N300bn to transform educational sector
BY Abiodun Saheed Omodara February 26, 2025 0

MINNA, Nigeria (NAN) - The Niger government has planned to invest N300 billion in overhauling the ed...


Kuwait reaffirms commitment to educate 200,000 out-of-school children in Nigeria
BY Abiodun Saheed Omodara February 26, 2025 0

ABUJA, NIgeria (NAN) - The Kuwaiti government has reaffirmed its dedication to supporting 200,000 ou...


Anambra assembly voices concerns over Onitsha drug market closure impacting local economy
BY Abiodun Saheed Omodara February 26, 2025 0

ANAMBRA, Nigeria (NAN) - The Anambra House of Assembly has adopted a resolution urging the National...


Enugu lawmaker advocates tenant protection against excessive housing fees
BY Abiodun Saheed Omodara February 26, 2025 0

ENUGU, Nigeria (NAN) - A proposed bill aimed at regulating agency and legal fees for housing has pas...


Consumer protection agency challenges MultiChoice over unilateral price increases
BY Abiodun Saheed Omodara February 26, 2025 0

The Federal Competition and Consumer Protection Commission (FCCPC) has called on MultiChoice Nigeria...


Court charges attending Nurse, Exonerates Naira Marley and associates in Mohbad Case
BY Abiodun Saheed Omodara February 27, 2025 0

The Lagos State Magistrate Court located in Sabo, Yaba, has exonerated Nigerian artist Abdulazeez Fa...


DSVA unveils New initiatives to support survivors of domestic, sexual violence
BY Abiodun Saheed Omodara February 26, 2025 0

LAGOS, Nigeria - The Lagos State Domestic and Sexual Violence Agency (DSVA) has introduced two new i...


More Articles

Load more...

Menu