Update on The National Identity Number (NIN) program: “As of August 2025, 123.5 million National Identity Numbers (NIN) have been issued to Nigerians by the National Identity Management Commission (NIMC).”
Interestingly, NIN issuance skews quite heavily towards males: 56.5 percent of NINs have been issued to men, 43.5 percent to women. In other words, men are about 30% more likely to have a NIN than women.
One big cause of this problem, in my opinion, is so much of global investors money flowing into U.S. tech stocks. The U.S. receives significant net capital inflows from the rest of the world (by the way, this is one of the big reasons that the U.S. is able to run a sizeable trade deficit and not go bankrupt or suffer from hyperinflation). For example, European investors send about 300 billion euros to the U.S. to invest in stocks and bonds every year (this is something the European Commission has acknowledged as a problem for Europe’s economy). A bunch of that money (if not most of it?) goes to Nvidia, Microsoft, SpaceX, all the AI stocks, of course Anthropic and OpenAI too once they IPO. If European investors reduced their investments to America by half, to 150 billion euros, and invested the other half in Europe and elsewhere, I think that would probably be quite impactful. Remember, the most valuable product of these AI firms is not the AI models and inference, it is their stock. Elon Musk did not really become a trillionaire by selling cars and rocket launches, he did so by selling shares in his companies.
If you reduce the value of these AI companies shares and thus reduce their ability to raise capital, they will be forced to slow down their growth. (If anyone don’t believe this, just consider that European firms often say that lack of capital is one of the biggest obstacles that stops them from growing.)
Edit: of course, Mistral, which has a terrible safety culture AFAIK, would benefit from stronger European capital markets, and grow faster and bigger. But I do not how big the risk really is from a runner-up lab like Mistral compared to the Anthropics and OpenAIs of the world.
I guess ASML would also benefit somewhat, but to a lesser degree than startups like Mistral. ASML already has good access to capital, they have a €500B+ market cap and can raise all the money they want / need.
Having said that, the expected negative impact to safety from a boost to the European AI firms would IMO be offset many times over by the positive impact of reducing funding to Nvidia, Anthropic, OpenAI etc.
(I am not giving you investment advice here by the way. This is just some thoughts on whether we should try to get investors to diversify away from U.S., as a way to reduce safety risks.)