The Nigerian food and oil & gas sectors are undergoing a technological transformation. Industry leaders are increasingly leveraging cutting-edge technologies, particularly artificial intelligence (AI), to enhance efficiency, boost production, and improve profitability.
In the food industry, companies like BUA Foods are investing heavily in AI-powered solutions to optimize production processes, predict consumer demand, and strengthen their supply chains. This focus on technology is crucial for addressing the nation’s food security challenges and ensuring a consistent supply of essential food products.
The oil & gas sector is also embracing technology to improve operational efficiency and reduce costs. Companies are utilizing AI and other technologies to enhance transportation logistics, minimize product losses, and improve the safety and efficiency of oil and gas extraction processes.
Furthermore, experts emphasize the need to “domesticate” technology within Nigeria. This involves developing local technological capabilities, such as manufacturing essential equipment and machinery within the country. This not only reduces reliance on imports but also fosters innovation and creates new opportunities for local businesses.
