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Opaleye Applauds FG on DEIWG, says Public-private Partnerships Essential for Digital Economy

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Adewale Opaleye, who is the group chief executive officer of Nigeria’s leading business-to-business (B2B) e-commerce platform Alerzo, has applauded the federal government for constituting the Digital Economy Industry Working Group (DEIWG), a Public Private Dialogue (PPD) platform to boost relationship between the Nigerian Economic Summit Group (NESG) and the Ministry of Communications and Digital Economy.

Opaleye who noted that a lot would be achieved in the sector with the coming together of public and private sector leaders, said such partnerships are pivotal to achieving the objectives of the federal government’s digital economy policy aimed to diversify the economy as well as deepen the contribution of Information and Communications Technology (ICT) to the country’s GDP.

‘‘When we are talking about achieving ICT-led economic growth, standardising the right policy, legal and legislative frameworks that address, in a holistic manner, the peculiar needs of the ICT sector is one good area that all stakeholders must sit together and look at critically. This is one of the reasons the establishment of the Digital Economy Industry Working Group is the right step in the right direction,’’ Opaleye said.

‘‘Without any doubt, the regular interface between the NESG and MCDE, which the setting up of Public Private Dialogue (PPD) platform will foster, will set the bigger stage for  unlocking the potentials of a fully digitalised economy for the country.

“As enumerated by the minister, I am optimistic that the PPD will also deliver benefits to the public, private and social enterprise sectors, as well as support the delivery of a good strategy imperative to drive the growth of the digital industry in Nigeria – in the short, medium and long-terms,” he concluded..

Professor Isa Pantami, the Minister of Communications and Digital Economy, recently launched DEIWG as a public–private initiative to fashion out strategy for a closer working relationship between the public and private sector leaders in the ICT sector with a view to strengthening the sector as a significant non-oil contributor to the national Gross Domestic Product (GDP).

He had said that the body was also expected to look at the multiple government initiatives and policies affecting private sector operators in the digital economy space with a view to harmonising them. Further, he stated that the objectives of the ICT working group also included the establishment of a Public-Private Partnership Platform as a communication link between the public and private sectors to drive the digital economy policies and strategies; as well as create a framework for strengthening the immediate delivery of initiatives based on the eight pillars as outlined in the Nigerian Digital Economic Policy and Strategy (2020-2030).

Prof. Pantami also said the group was saddled with facilitating the creation of an Enterprise Programs Management Office (EPMO) and funding mechanism which will serve as a framework of funding for DEIWG Secretariat.

Others include formulation, in partnership with government, mechanisms that drive and catalyse growth and increase investments in the digital economy; examine the current efforts by the Federal Government to digitally transform through policies, projects and programmes and co-create a private sector response plan.

It will also promote leadership mindset that is digital-driven for Shared Prosperity and Shared National Vision and drive continuity of the policies and enhance the institutional arrangement to drive the digital economy; foster call to action for the private sector to take lead of the creation of the Nigeria Digital Economy showcasing the opportunities in the E-Government Masterplan and Digital Economy Policy and Strategy.

 


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E-Business

Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

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In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.

According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.

In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.

The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.

Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.

“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.

The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).

The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.

Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.

Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”


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Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

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Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.

A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.

To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.

All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.

The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.

Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.

These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.

Continuous monitoring becomes the leading SOC requirement

Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.

Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.

Human expertise drives SOC technology choices

While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.

Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).

“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.

“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.

 


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Nigerian Terra Industries Secures $11.8m for Expansion

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Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.

Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.

Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.

The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.

Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.

He said safeguarding critical infrastructure from terrorist threats has become unavoidable.

Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.

The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.

Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.

With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.

While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.

 


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