AI Adoption in Nigeria Drives Productivity Growth as 93% of Firms Embrace Smart Technology

Artificial intelligence is quickly becoming a major driver of business growth in Nigeria, as companies shift from experimenting with the technology to fully integrating it into core operations. According to Anthony Oputa, Regional Managing Partner for EY West Africa, businesses are now using AI not just as a tool, but as a strategic necessity to survive today’s unpredictable economic conditions.

Oputa explained that rising global inflation, supply chain disruptions, and market instability have forced companies across West Africa to rethink how they operate. Rather than relying on traditional systems, many firms are now turning to AI-powered solutions to improve efficiency, reduce risks, and strengthen decision-making across departments like logistics, finance, and customer service.

A new EY-Parthenon 2026 CEO Outlook report supports this shift, revealing that 93% of Nigerian companies have already adopted some form of artificial intelligence. The report shows that businesses are no longer focusing on basic automation, but instead using AI to reshape leadership strategies and improve long-term resilience.

Interestingly, the report also highlights a growing shift in mindset among global CEOs, with many now focusing on empowering employees rather than replacing them. While 99% agree AI will change workforce structures, only 20% expect job cuts. Instead, 42% of executives are planning to retrain staff, while others are redesigning roles to ensure humans and AI work together effectively.

Despite the optimism, business leaders remain cautious due to rising geopolitical tensions, energy costs, and shifting trade policies. However, rather than slowing down, many companies are actively pursuing mergers and partnerships—often to gain access to stronger AI capabilities and talent—signaling that AI is now central to how businesses plan for growth in 2026 and beyond.

source: Punch