The announcement of a N100 million AI Fund by the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has sparked negative reactions and strong criticism from the Nigerian tech community.

Their criticism of the initiative backed by Google is premised on the amount involved which is considered insignificant to make any impact in AI development in Nigeria.

Some argue that an individual startup receives up to $350,000 from Google initiatives while Nigeria as a whole wants to spend about $60,000 to fund many startups.

Nairametrics can confirm that under the Google for Startups Accelerator Africa program targeted at AI innovators, each selected startup equity-free $350,000 allocation in Google Cloud Credits.