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Artificial Intelligence and Financial Stability Risks in Nigeria

Author

Listed:
  • Ozili, Peterson K
  • Obiora, Kingsley
  • Onuzo, Chinwe

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.

Suggested Citation

  • Ozili, Peterson K & Obiora, Kingsley & Onuzo, Chinwe, 2025. "Artificial Intelligence and Financial Stability Risks in Nigeria," MPRA Paper 127370, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:127370
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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