According to The Guardian Nigeria, financial experts are forecasting a major shift in the banking sector as Artificial Intelligence (AI) takes a lead role in real-time risk pricing. Omolade Oke, a prominent industry analyst, stated that AI will soon become the primary tool for fraud detection and personalized liquidity management across major Nigerian banks.
This technological evolution is expected to significantly reduce the rate of non-performing loans by providing more accurate credit scoring models. Banks are already increasing their tech budgets to integrate these AI solutions, aiming to compete with the rising dominance of fintech platforms.
BusinessDay supported this outlook, noting that ‘AI will revolutionise risk pricing’ and modernize how banks interact with their customers. Vanguard also reported on the trend, emphasizing that ‘Cardoso’s brilliant monetary management’ is creating the stability needed for such long-term tech investments.
Echotitbits take: AI is the ‘silver bullet’ for Nigeria’s high credit risk environment. If banks can successfully automate fraud detection, we might finally see a reduction in the massive interest rate spreads that currently make borrowing so expensive for small businesses.
Source: The Guardian — https://guardian.ng/interview/ai-will-revolutionise-risk-pricing-fraud-detection-and-personalised-liquidity-management-in-real-time-says-omolade-oke/
The Guardian January 3, 2026
Photo Credit: The Guardian
