Nigeria is Losing About N127Billion Which is 0.8% of The country’s GDP To Cybercrime

 

 In Abuja on Tuesday at the opening of the 26th National Conference and Exhibition of the Nigeria Computer Society. The Minister of Communications, Adebayo Shittu, has said Nigeria is losing about N127billion which is 0.8 per cent of the country’s Gross Domestic Products (GDP), to cybercrime yearly.
“Our growing dependence on digital infrastructure introduces and poses grave threats to national security.’’



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.
“To address emerging cyber threats, government has set up computer emergency response teams through the Office of the National Security Adviser and NITDA.
 he also said in order to 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 Nigerian Army has also been engaged on possible technology collaboration to tackle the activities of insurgents and other security challenges in the country.