Artificial Intelligence and Financial Stability Risks in Nigeria

Peterson Ozili, Kingsley Obiora and Chinwe Onuzo

MPRA Paper from University Library of Munich, Germany

Abstract: Artificial intelligence is disrupting the financial sector globally. Artificial intelligence will also affect financial regulation and financial system stability in several ways. Little is known about how artificial intelligence might affect the stability of the financial system. Using a contextual framework and discourse analysis methodology, this article identifies some risks that artificial intelligence could pose to financial system stability in Nigeria. The study focused on how AI risks affect those directly involved in financial stability work in Nigeria. If these risks are mitigated, the adoption of AI for financial stability work will yield positive benefits for financial stability in Nigeria.

Keywords: Nigeria; artificial intelligence; financial stability; algorithm; banking supervision; financial regulation; financial sector. (search for similar items in EconPapers)
JEL-codes: G21 G23 O31 O33 (search for similar items in EconPapers)
Date: 2025
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