Boosting Nigeria’s Foreign Exchange Earnings: Unlocking New Revenue Streams through Artificial Intelligence-Driven Multimedia-Based Smart Tourism

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Boosting Nigeria's Foreign Exchange Earnings: Unlocking New Revenue Streams through Artificial Intelligence-Driven Multimedia-Based Smart Tourism

ABSTRACT

Nigeria, a country highly reliant on oil exports, is looking for new revenue streams as global oil prices fluctuate, and the economy has to diversify. This article proposes leveraging AI and big data analytics to increase tourism growth. Specifically, we recommend using AI multimedia data labelling to train computer algorithms that can power innovative tourism apps, services, and experiences. Our analysis suggests that smarter tourism products enabled by AI could attract over 50 million new visitors annually by 2030, bringing in estimated revenues of 5-10 billion USD per year. Realizing this potential requires coordinated efforts between the government, technology firms, travel companies, and other stakeholders. The successful adoption of AI-driven smart tourism will diversify Nigeria's revenues, stimulate innovation, and upgrade and improve livelihoods. The paper outlines strategies for adopting smart tourism to unlock Nigeria's vast potential.

Keywords: artificial intelligence, big data, smart tourism, economic diversification, multimedia data labelling.

Keywords: Human activity recognition, accelerometer, artificial intelligence, machine learning

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