𝑨𝑰 𝑪𝒐𝒖𝒍𝒅 𝑪𝒂𝒖𝒔𝒆 𝑴𝒐𝒓𝒆 𝑱𝒐𝒃 𝑳𝒐𝒔𝒔𝒆𝒔 𝑰𝒏 𝑵𝒊𝒈𝒆𝒓𝒊𝒂, 𝑾𝒐𝒓𝒍𝒅 𝑩𝒂𝒏𝒌 𝑨𝒏𝒅 𝑰𝑴𝑭 𝑾𝒂𝒓𝒏

File photo: IMF and World Bank warn AI could affect 40% of global jobs.

The World Bank and the International Monetary Fund, IMF, have warned that Artificial Intelligence, AI, could lead to more job losses in Nigeria and other developing countries if nothing is done quickly.

The two bodies gave the warning in Bangkok, Thailand, during their yearly meeting at a programme called Small AI: More and Better Jobs, according to Vanguard Newspaper.

IMF boss, Kristalina Georgieva, described AI as a slow-moving tsunami. She said about 40 percent of jobs in the world may be affected by AI. Some jobs will improve, some will reduce, and some may disappear. She said every country will feel it differently and workers need new skills to adjust.

World Bank President, Ajay Banga, said the Bank's main focus now is jobs. He said AI should be used to help workers do better and create more jobs, not to sack them.

He said poor countries need simple and cheap AI that can work with local languages and available phones. He gave an example of a farmer who can snap a diseased crop with his phone and get advice on how to treat it, where to buy seeds and fertiliser, and how to get loan and buyers.

He also said AI can help health workers to check patients and know who needs to see a specialist doctor.

A new World Bank report for October 2026 said Nigeria, Kenya and South Africa are leading in AI use in Africa, but that use is still very low. It said Africa can benefit more from simple AI in farming, schools, hospitals, banking and other areas.

The report however said lack of electricity, poor internet, low digital skills and poor data may slow down AI growth in Africa.

It added that Nigeria must fix these problems so that AI will help create jobs instead of causing more unemployment.

𝑴𝒆𝒕𝒂 𝑩𝒂𝒏𝒔 𝑻𝒊𝒌𝑻𝒐𝒌 𝑶𝒘𝒏𝒆𝒓 𝑩𝒚𝒕𝒆𝑫𝒂𝒏𝒄𝒆 𝑭𝒓𝒐𝒎 𝑨𝒅𝒗𝒆𝒓𝒕𝒊𝒔𝒊𝒏𝒈 𝒐𝒏 𝑭𝒂𝒄𝒆𝒃𝒐𝒐𝒌, 𝑰𝒏𝒔𝒕𝒂𝒈𝒓𝒂𝒎

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