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Some say that Artificial Intelligence will transform humanity like no other technological invention before it has ever done. Others think it’s not as big a deal as its promoters assume. Whatever your position on the matter, one thing is undeniable: the technology is having an impact; so much so that we now have AI business ideas—ventures built around its many use cases.

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If you are a Nigerian entrepreneur and would like to solve problems in the country with AI, you could find a startup that delivers AI-powered solutions to the people and organizations that need them. In this article, we’ll suggest 10 of such ideas, so you’ll have options to choose from. Here they are:

AI-Driven Customer Insights Provider

This type of platform collects data concerning customer reviews from various sources, including social media, web interactions, surveys, and purchase history. Then, using AI algorithms, it analyzes customer behaviour patterns, segments and personalizes insights, and produces predictive analytics about potential customer purchases, churn, and response to marketing campaigns.

Smart Inventory Management

Because of its powers of pattern recognition, AI can be utilized for tracking inventory levels. A system built for this purpose will determine stock levels, indicate depletion where it exists, and supply data about the most adequate restocking moves (given demand, budget, prices, etc.).

Investment Risk Analysis Tool

Businesses and institutional investors can cut the time they spend on making an investment decision if they have a tool that predicts investment risk quickly. This is something an AI system could do. It might weigh a range of asset-specific indices based on preset criteria, and deliver judgment on risk levels associated with investing in particular opportunities.

Property Valuation Solution

The property valuation process can be tedious and time-consuming. You can solve this problem for real estate stakeholders (developers, valuers, landlords, etc.) by helping them with software that yields a fair valuation of property based on precise or estimated market prices. The potential for greater efficiency and profitability that this will deliver is immense.

Real Estate Market Analyzer

An alternative business idea for AI entrepreneurs interested in real estate is a market analysis tool. An app in this category should help its users monitor property prices, identify opportunities in the market, and suggest the best locations for specific types of investments in the industry. You may even build something that merges the market analysis functions with single property valuation, just to increase deliverable value.

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AI-Powered Fraud Detection

Fraud is a challenge for businesses in Nigeria. Large banks and multinational corporations are afflicted by it; and so are small commercial establishments. The ability to spot this problem before it wreaks havoc is a power that many businesses are willing to pay for. You can create AI software that detects anomalous patterns in log-in attempts, session frequency, transaction details, and requests made to systems, and flags them early enough. This will allow its users to take preventative or remedial action.

Customer Service Chatbots

Diverse companies are adopting AI chatbots as a first line of customer service contact with the enquiring public. They integrate these bots with their websites, set them up on social media platforms, and make them available on messaging apps. These chatbots can answer regular questions, and redirect more complex or specific cases to human agents. Building a startup around helping businesses with these bots might be a good idea.

Automated Legal Research Service

Researching laws and legal precedents is sometimes a very demanding task. If you build software that makes the process easier, you may get a lot of business from legal firms and legal-adjacent establishments. An AI-based platform that digitizes and combs through legal archives for particular documents and references would be a hit in the Nigerian legal community.

AI for Personal Branding and Social Media Strategy

Not everyone has the funds to pay for a branding expert’s services. This is especially true of hopefuls who are starting a personal brand with little more than an idea and a determination to succeed with it. Such people may appreciate personalized and affordable AI-derived suggestions for branding moves and social media strategies.

Dynamic Pricing Tool for e-Commerce

Pricing is a big headache for many businesses, including e-commerce outlets. Calculating prices off-site and imputing revisions is sometimes a drawn-out task. But with the appropriate kind of AI tool, it would be possible to adjust prices in real-time, based on prevailing costs, customer demand, and other factors. Most e-commerce businesses will want this if they consider it affordable.

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Final Words

If you are an entrepreneur who’s interested in Artificial Intelligence, you now have 10 AI business ideas to choose from. Investigate these ideas, and run with one that fits with your expertise, experience, and the strengths of possible co-founders.

Got a suggestion? Contact us: editor@connectnigeria.com

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This article was first published on 20th March 2025
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ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.