Renowned business leader and technology advocate, Niyi Yusuf, has called on stakeholders in Nigeria’s financial sector to take the lead in fostering a future where artificial intelligence (AI) is deployed responsibly and inclusively. Speaking at a recent industry forum focused on digital transformation and innovation, Yusuf emphasised the need for financial institutions to go beyond profit motives and consider the broader societal impact of their AI strategies.
He highlighted that while AI is rapidly reshaping financial services—enhancing efficiency, risk management, and customer experience—it must be implemented in a way that does not deepen existing inequalities or exclude vulnerable groups. According to Yusuf, leaders in the sector have a duty to ensure that the benefits of AI are accessible to all segments of society, particularly in a country like Nigeria where digital access and financial inclusion remain pressing challenges.
Yusuf also noted that responsible AI deployment involves upholding ethical standards, ensuring data privacy, and eliminating bias in algorithmic decision-making. He stressed that the financial industry, given its central role in the economy, must set the tone for other sectors in promoting transparent, fair, and accountable use of emerging technologies.
He further encouraged collaboration between regulators, banks, fintechs, and civil society in shaping AI policies that protect consumers while enabling innovation. According to insights gathered , Yusuf believes that inclusive growth in the digital age can only be achieved if technology is designed and governed with human values at its core.
