Nigeria's AI Summit: Balancing Regulation and Innovation

The 2026 AI Summit held in Lagos addressed the critical balance between regulation and innovation in artificial intelligence (AI) in Nigeria. Co-founder of CarbonAI, Oluseyi Adisa, welcomed attendees and highlighted the unique opportunity for Nigeria to develop an AI framework that aligns with its realities.

Debola Ibiyod, CEO of CarbonAI, cautioned against the risks of unregulated AI, emphasizing that innovation without regulation could lead to stagnation. Yinka Obeb, CEO of Pop Central Media Platform, presented a contrasting view, arguing that regulation might hinder innovation and wealth creation.

He pointed out that countries like the USA and China are advancing in AI without stringent regulations. Dr.

Olusola Saye Ayoola supported the idea that regulation should promote AI development through education and infrastructure. The summit brought together various stakeholders to discuss the regulatory framework necessary for Nigeria to harness AI's economic potential while safeguarding citizens against emerging risks.