Google has revealed that its products and services contributed approximately $1.8 billion to Nigeria’s economy in 2023. These economic activities stemmed from Google’s platforms such as Search, Play, Android, YouTube, Cloud, and Ads. The tech giant also projected that Artificial Intelligence (AI) could inject an additional $15 billion into Nigeria’s economy by 2030.
According to Google, its 2023 economic support is equivalent to the creation of over 200,000 jobs annually. This was disclosed during the unveiling of the report The Digital Opportunity of Nigeria at Google’s office in Ikoyi, Lagos. The report, conducted by global consultancy firm Public First, emphasized the untapped potential of Nigeria’s digital economy and the significant role digital technologies can play in boosting the country’s economic growth.
Public First, specializing in economic modeling and research, outlined how Google’s infrastructure is fueling digital transformation across Nigeria. The report also recommended data-driven policies for stakeholders to further leverage the country’s digital potential, noting that every $1 invested in Nigeria’s digital technology generates over $8 in economic value.