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
Yoruba leaders demand respect for autonomy amid sharia law controversy
BY Abiodun Saheed Omodara April 18, 2025 0

Yoruba One Voice (YOV), a pro-Yoruba nation organization, has asserted that for Nigeria to achieve g...

READ ALSO
Eno enhances healthcare with N200m contribution to UUTH
BY Abiodun Saheed Omodara February 16, 2025 0

In an effort to enhance healthcare services, the Governor of Akwa Ibom State, Pastor Umo Eno, has co...

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...

OUR CHANNELS:

NABTEB Empowers Directorate Cadre Staff with Training for a Stronger Future
BY Abiodun Saheed Omodara August 7, 2025 0

The National Board for Technical Education and Examination Board (NABTEB) conducted a training sessi...


Chelsea Midfielder Moves to Everton for £24m ahead of EPL kickoff
BY Abiodun Saheed Omodara August 7, 2025 0

Everton, the Merseyside club, has finalized the acquisition of English midfielder Kiernan Dewsbury-H...


Aston Villa Thrashes AS Roma 4-0 in Pre-Season Showcase
BY Abiodun Saheed Omodara August 7, 2025 0

Aston Villa delivered an impressive performance in their pre-season match on Wednesday, overwhelming...


Register with Embassies for Emergency Assistance, FG Urges Nigerians Abroad
BY Abiodun Saheed Omodara August 7, 2025 0

The Federal Government has urged Nigerians traveling abroad to register with Nigerian embassies and...


FAAN Launches Investigation into Wasiu Ayinde  Airport Security Breach
BY Abiodun Saheed Omodara August 6, 2025 0

The Federal Airports Authority of Nigeria (FAAN) has initiated an investigation into an incident inv...


FG Urges Immediate Safety Measures as 76 Areas Face Flood Risk
BY Abiodun Saheed Omodara August 6, 2025 0

The Federal Government has predicted substantial rainfall over a five-day span that could lead to fl...


Trump Imposes Additional Tariffs on Indian Imports Over Russian Oil Trade
BY Abiodun Saheed Omodara August 7, 2025 0

In a move that has already stirred international debate, U.S. President Donald Trump on Wednesday si...


FG Secures $25.35 Million Loan from Kuwait Fund to Combat Out-of-School Children
BY Abiodun Saheed Omodara August 6, 2025 0

The Federal Government has obtained a $25.35 million concessionary loan from the Kuwait Fund for Ara...


Nigeria Faces Vaccine Crisis as 2.2 Million Children Remain Unvaccinated-CSOs
BY Abiodun Saheed Omodara August 7, 2025 0

Civil Society Organizations (CSOs) have sounded the alarm that approximately 1.5 million children di...


Peter Obi’s One-Term Pledge Is a Challenge to Nigeria’s Culture of Power Entitlement
BY Suleiman Kelvin Jimoh August 6, 2025 0

ABUJA, Nigeria – When Peter Obi says he’ll serve only four years if elected president, h...


More Articles

Load more...

Menu