The Impact of Artificial Intelligence on Bank Management for Sustainable Economic Growth in Nigeria

DOI: https://doi.org/10.70593/978-93-7185-539-6_5

Authors

Obizue Emmanuel Chika
Institute of Education, Management and Professional Studies (IEMPS)
https://orcid.org/0009-0002-9119-1668
Idowu John Mosku
Business School De Haviland Campus, University of Hertfordshire, UK
https://orcid.org/0009-0002-7859-5908
Aligwo Vesta Bizie
Department of Business Administration, Lagos State University
https://orcid.org/0009-0006-6113-2471

Synopsis

Nigerian Banks are transforming how they manage risk, service customers, grant credit, and protect their systems through artificial intelligence (AI), which can have a significant impact on both the inclusive and sustainable growth of Nigeria’s economy. Drawing on recent policy instruments (CBN’s Open Banking Guidelines 2023; CBN’s Risk-Based Cybersecurity Framework 2024), national strategy efforts (Nigeria’s Draft National AI Strategy 2024), and market evidence (AI chatbots in leading Nigerian banks; emerging fraud analytics), this paper synthesizes current adoption pathways, benefits, and risks. We argue that AI’s biggest growth lever in Nigeria lies in better credit intermediation for MSMEs, improved fraud/AML controls, and always-on digital service channels that expand usage provided data governance (NDPA 2023), cyber resilience, and talent pipelines keep pace. We propose a pragmatic management and policy roadmap for banks and regulators to convert AI capability into measurable inclusion, productivity, and stability outcomes. (CBN, 2023; CBN, 2024; NITDA, 2024; KPMG, 2023; World Bank, 2021; PwC, 2025).

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Chapter 5

Volume

Artificial Intelligence and Ethical Transformation in Education: Management, Leadership and Data-Driven Decision-Making for Sustainability

Pages

59-77

Published

15 September 2025
Copyright (c) 2025 Obizue Mirian Ndidi, Obizue Emmanuel Chika, Ogbuoka Oby Modest, Orji, Evelyn Ijeoma; Obasi Samuel Ugochukwu, Salaudeen Rafiyat Iyabo, Oragwu Dorathy Chioma, Anudike Chioma Stella, Iruke, Ikechukwu Mathew, Aligwo Vesta Bizie , Ngozi Mercy Ifediatu, Isong Blessing Edet, Alwell Chibuike, Ighedose Beke, Nancy, Oko-Jaja, Chinyere C., Ogbonna, Martina Oluchi, Bichene, Carol Ebuta, Abu Godwin Owan, Joseph Ebebe Agba, Babatunde, Toyin Blessing, Iwezu Caroline Ngozi, Onafowope Mary Adesola, Olofinkua Vincent Kayode, Chukwuemeka Mirian Chigozie , Ozuoka Johnson Godwin, Ololoh Jovita Nkeiruka, Idowu John Mosku, ATTAH FAITH, MBARIKU JOHN, AMAMRA RISSIM .T., Ezema Jideofor Marcus, Ayine Victoria Okwo, James Ann, Doye Angela IGBINEDION

How to Cite

Obizue Emmanuel Chika, Idowu, I. J. M., & Aligwo, A. V. B. . (2025). The Impact of Artificial Intelligence on Bank Management for Sustainable Economic Growth in Nigeria. In . M. N. Obizue, Obizue Emmanuel Chika, O. O. M. . Ogbuoka, & O. E. I. Orji (Eds.), Artificial Intelligence and Ethical Transformation in Education: Management, Leadership and Data-Driven Decision-Making for Sustainability (pp. 59-77). Deep Science Publishing. https://doi.org/10.70593/978-93-7185-539-6_5
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