By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Nigeria Loses N127bn to Cyber Crime – Minister Adebayo Shittu Says
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Nigeria Loses N127bn to Cyber Crime – Minister Adebayo Shittu Says

Gbolahan Adeyemi
By Gbolahan Adeyemi
Published: July 19, 2016
Share
4 Min Read
SHARE


The Minister of Communications, Mr Adebayo Shittu, says Nigeria is losing about N127billion which is 0.8 per cent of the country’s Gross Domestic Products (GDP), to cybercrime yearly.

Shittu said this in Abuja on Tuesday at the opening of the 26th National Conference and Exhibition of the Nigeria Computer Society.

According to him, “our growing dependence on digital infrastructure introduces and poses grave threats to national security.’’

He said many Nigerians now had access to internet facilities; using the enormous opportunities this digital infrastructure had brought to work, transact business, campaign, communicate, learn, interact and relax.

- Advertisement -

“To address emerging cyber threats, government has set up computer emergency response teams through the Office of the National Security Adviser and NITDA.

“Additionally, to further improve the nation’s preparedness to secure cyberspace, the Cybercrime Advisory Council has also been inaugurated.

“The council is expected to facilitate the implementation of the Cybercrime Act, 2015, as well as the National Cyber Security Policy and Strategy.

The minister said that the Ministry of Communications was engaging the Nigerian Army on possible technology collaboration to tackle the activities of insurgents and other security challenges in the country.

- Advertisement -

Shittu said that it was appropriate that the efforts of the armed forces and the significant achievements in the fight against Boko Haram were recognised.

He said that though the army was already using some technology platforms, there may be some requiring close attention by the conference.

“Beyond military might, financial crimes and corruption are added burdens to the national security challenges that threaten the very existence and development of the nation’’, he said.

Shittu said growth was impossible without safety and security.

He said that; “Information Technology for National Safety and Security” which is the theme of the conference, was relevant.

“This is because it aligns with the national safety and security priority of the administration of President Muhammadu Buhari.

“Securing lives and properties are enablers and imperative for growth and development.’’

Mr Babachir Lawal , Secretary to the Government of the Federation (SGF), said Information Technology for national safety and security was germane to the commitment of the present administration.

Represented by Bamgbose Olukunle, Permanent Secretary, Political Affairs Office of the SGF, Babachir said ICT was also relevant in tackling the security challenges bedeviling the nation.

Lawal said government would leverage on IT to enhance national safety and security, adding that the greatest challenge of any nation was insecurity.

“I implore stakeholders in the ICT sector to work towards producing a reliable, actionable and appropriate IT policies, solutions and systems capable of tackling our security concerns.

“This becomes necessary following the massive corrupt practices uncovered recently and the destruction unleashed on our people and national assets by terrorists, militants and kidnappers.

“This will go a long way to achieving our national development strategies and sustainable development goals.

“ICT is a strong promoter of development; government will continue to provide an enabling environment for its growth.’’

President of Nigeria Computer Society, Prof Adesola Aderounmu, said more proactive approach was needed to tackle the menace of insecurity in the country.

Aderounmu said this year’s focus on Information Technology for National Safety and Security was crucial considering the various security challenges facing the nation. (NAN)

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Adebayo ShittuNigeria
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByGbolahan Adeyemi
Entertainment News writer
Follow:
Gbolahan Adeyemi is a writer for Okay Nigeria. A budding individual with the strive to share and inform the masses with contents relating to their beliefs, lifestyle and all about the entertainment.
Previous Article Kylie Jenner, Alicia Keys & 2 Other International Celebrities Who Are Fan Of Wizkid Music
Next Article Buhari Defends Ministers Against Corruption Allegations

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow
- Advertisement -
Ad imageAd image
- Advertisement -
- Advertisement -
Ad imageAd image

Recent Posts

JUST IN: One Rescued, Others Trapped After Building Collapse in Lagos’ Mushin Area
News
Dele Alake
China to Establish Electric Vehicle Factories in Nigeria, Boosting Local Industrialisation
News
Nigerian Pastor Timothy Omotoso Departs South Africa Following Controversial Acquittal
News Top stories
Bandit Raid in Kebbi Village Leaves Ten Farmers Dead, Three Injured
News
Tragedy in Enugu: Pastor Accused of Killing Four Siblings with Pestle
News
- Advertisement -
Ad imageAd image

You May Also Like

International

President Tinubu Highlights Nigeria’s Role in Global Peace at Vatican Papal Inauguration

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
May 18, 2025
Politics

Arewa Elder Yakasai Endorses Tinubu’s 2027 Re-election Chances, Calls for Northern Consensus

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
May 18, 2025
Energy & Oil

Nigerian Senate Committee on Power Reveals N200 Billion Monthly Debt to Discos Amid Liquidity Crisis

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
May 18, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?