Apparently, the life of an average Nigerian is characterized by economic hardship which keeps deteriorating at a frightening rate. Against  this backdrop, the central aim of this treatise is to examine the popular notion that Digital Economy is the hub of “internet  fraudsters” and Artificial Intelligence will render many jobless in the nearest future; thereby compounding the their already poor  economic state. The four crucial concerns that constitute the problem of this study include the skill and technological gap that characterizes Nigeria’s Digital Economy, Artificial intelligence taking over human jobs, digital fraud and biases in some AI algorithm/data. Instead, accelerated and augmented access to faster  and improved quality internet, up-skilled tech literacy and aptitude pool, an effervescent start-up ecosystem, access to a wide variety  investment and partnership opportunities have the incredible prospect of drastically improving the living standard of Nigerians. Therefore, the paper concludes that Artificial Intelligence and Digital economy, if creatively and reasonably deplored will better the lot of Nigerians, economically.