At the unveiling of Immortal AI in Lagos, Femi Bejide, CEO of Statisense, delivered a bold message: Nigeria’s path to economic stability and growth hinges on empowering businesses—particularly SMEs—with intelligent data tools.
Bejide asserted that economic democracy—a system where businesses of every size have the opportunity to thrive—cannot be realized without a deep integration of data-driven decision-making across the entrepreneurial landscape. He emphasized that in leading economies, enterprise success and longevity are not left to chance, but are shaped by access to actionable insights derived from structured data.
“Strong economies are built on strong businesses. And strong businesses rely on data,” Bejide stated. “With SMEs constituting over 90% of Nigeria’s business landscape and contributing more than 50% to our GDP, equipping them with predictive, intelligent tools is not optional—it’s strategic.”
The launch of Immortal AI, an advanced data intelligence platform, marks a transformative moment in how African businesses can leverage analytics. The platform is designed to help enterprises harness disjointed and unstructured data—from social media interactions to HR systems and sales pipelines—and convert them into strategic insights that drive sustainable growth.
Bejide noted that Nigeria’s current economic challenges—including high startup mortality, unstable markets, and limited scalability—can be addressed by democratizing access to the kind of data tools that have long benefited enterprises in more advanced markets.
“Data reduces risk. It sharpens decision-making. It cuts costs. And it levels the playing field. If we want to transform our economy, we must start by transforming how our businesses access and use data,” he said.
With platforms like Immortal AI, Nigerian SMEs can move beyond survival mode and begin building resilient, future-ready enterprises that are better equipped to adapt, compete, and grow.
This shift, Bejide concluded, is not just a technological upgrade—it is a necessary rethinking of how economic empowerment begins at the grassroots level and expands upward to shape national prosperity.
