Vault Hill executive and AI strategist, Folajimi Daodu, has called on African governments, businesses, and individuals to embrace artificial intelligence (AI) as a tool for economic transformation.
Speaking ahead of his presentation at the Brand Journalists’ Conference in Lagos on November 28, Daodu stressed that while AI poses challenges, its opportunities far outweigh the risks.
“AI is here to stay, and we must work with it as a co-collaborator,” he said.
On fears of job losses, he likened the moment to past industrial revolutions, urging workers to reskill.
“Some jobs will disappear, but reskilling and education will ensure relevance,” he added.
He highlighted that the responsibility for upskilling rests on both governments and individuals.
“The internet has democratised learning; anyone can acquire new skills within months. The change must start with us,” Daodu noted.
Daodu also flagged ethics and transparency as critical. “If you use AI to create work, attribute it. Trust requires legal and ethical frameworks,” he advised.
On costs, he acknowledged AI adoption could be expensive, with small businesses spending up to $10,000 annually, but insisted the benefits justify the investment.
He urged Africa to replicate the urgency that fueled the mobile revolution.
“Africa can leapfrog again. With intentional investment and bold leadership, we can make AI real,” he said.
Reporting by Sherifat Oyediran