E-Business
APBN Bemoans Eleven Months Instability in Nation’s Policy Direction
The Association of Professional Bodies of Nigeria (APBN) has lamented against what it called 11 months of instability in policy direction of the economy as most of the policy makers, since January, 2015 were either on the field campaigning for electorates’ votes or awaiting Presidential appointments.
Speaking to journalists during the Associations’ meeting held at the Nigeria Computer Society (NCS) national secretariat in Lagos, Foluso Fasoto, president/chairman of Council/board, Association of Professional Bodies of Nigeria (APBN), said that Professional Bodies in the country believe it is high time those in Government ditched the attitude of politicking with the management of the country’s economy.
APBN is the umbrella body of government recognized professional Associations in Nigeria set up to speak with one voice on behalf of its Member-bodies while at the same time gives professional advice to Government on matters affecting the professionals and their practices.
Fasoto said that the Association has been following recent events in the country, especially after four months of playing waiting game, the list of ministerial nominees was eventually submitted to the National Assembly which confirmed the appointments of all the nominees. “They were eventually sworn in last month and most of them are about now settling down to business. In essence, the year 2015 witnessed almost eleven (11) months of instability in policy direction of the economy as most of the policy makers, since January, 2015, were either on the field campaigning for electorates’ votes or awaiting Presidential appointments. Nevertheless, we thank God that the economy is now being expected to take shape”.
Treasury Single Account
The Association extolled the Federal Government for summoning courage and directed all the government Ministries, Departments and Agencies (MDAs) to close the multiple accounts already opened with Commercial Banks for their various operations and maintain the designated Treasury Single Account with the Central Bank of Nigeria (CBN).
“This is a welcome development as the resultant effect has shown that the Federal Government is tremendously more liquid than earlier imagined. We however want to quickly caution that while the Government savors the positive result of this directives, the long-run adverse effect of it should equally be given prompt attention so as not to stifle the economy during any emergency,” he said.
Nigerian Economy
Fasoto said it is no longer news that Nigerian economy rely majorly on oil, but despite the oil glut in the recent past, there has not been appreciable breakthrough visible to ordinary Nigerians towards diversifying the economy.
“Our country is endowed with all the resources to be among the first world but for the effective and efficient management of this resources. That is why our governments at all levels cannot ignore the active participation of our members (the professionals) in the governance. Enough of politicking with the management of the country’s economy.
“There is need for setting proper objective for Nigerian economy – where do we want to be in say, 20 years’ time? Do we aspire to remain a developing country “until kingdom come” or we hope to join the league of the first world in say, 15 years’ time? There is need for this objective to be well defined by the Federal Government and widely communicated to all citizens. This will eliminate policy somersault syndrome which avoidably usually afflict us in this country,” the APBN President said.
Employment Generation
On employment generation for the teeming youths, he said, there is foremost need to secure enabling environment for the achievement of such objective as unemployment is a global albatross on most countries of the world, Nigeria not exception.
“However, most countries are strategizing to get out of the problem by creation of employment, using their internal resources. We have human resources experts (such as the Chartered Institute of Personnel Managers of Nigeria, Nigeria Institute of Management (Chartered) Chartered Institute of Administrators, etc.) in our midst who are ready to partner with government to address this problem also with a view to finding lasting solution.
“We therefore call on the government, especially the newly sworn-in Ministers and Governors to make use of these “Nigerian products”.
Against this backdrop, Professor Adesola Aderounmu, president of the Nigeria Computer Society (NCS), reiterated that the place of Information Technology (IT) sector as an agent of change and development cannot be overemphasized.
He emphasized that, worldwide, IT is a major driver of the economy. “Being the acknowledged professional authority in this sector, our aims are socio-economic growth, job creation, poverty reduction and deepened diversification of the economy. Indeed technology holds significant promise as a major revenue earner.
According to Aderounmu, to enhance the deployment of ICT to advance the values of wealth creation and effective leadership in the nation, NCS as a member-body of APBN has discovered the need for an Office of Chief Information Technology Officer of the Federation, approve the pending National Software Policy (NSP) as a blueprint aimed at providing a strategic roadmap to make Nigeria a competitive country in the area of software engineering and digital knowledge development and implementing e-Government strategy as imperatives for corruption-free, equitable, productive and knowledge-based society.
However, the submissions by the Professional Bodies centered on four core issues including Rule of law; Security; Economy and Promotion of professionalism.
Human Rights Writers Association of Nigeria (HURIWA) has opposed a bill seeking to compel major global social media companies to establish physical offices in Nigeria.
The rights advocacy group urged the National Assembly to discard the proposed legislation, warning that it could become a tool for censorship and undermine citizens’ constitutional right to freedom of expression, despite being presented as a measure to strengthen Nigeria’s digital economy and improve corporate accountability.
The position was contained in a presentation submitted yesterday by Emmanuel Onwubiko, national coordinator, HURIWA, to the chairman of the Senate Committee on ICT and Cyber Security.
The bill, sponsored by Senator Ned Munir Nwoko, has already passed second reading in the Senate and is before the committee for further legislative consideration.
HURIWA said it carefully reviewed the proposed legislation and concluded that compelling global technology companies to establish offices in Nigeria was unnecessary and potentially counterproductive.
The organisation argued that while the firms generate substantial revenue from Nigeria’s vast digital market, they already engage Nigerians through existing structures, including paying eligible content creators, working with local technology professionals and participating in legal proceedings whenever required.
According to the group, appointing local representatives where necessary would adequately address concerns about engagement with regulators and users without forcing the companies to maintain physical offices.
It also dismissed claims that mandatory country offices would significantly improve consumer complaint resolution, technology transfer or employment generation.
HURIWA maintained that the platforms already have effective feedback mechanisms for resolving users’ complaints and routinely appear before Nigerian courts through their representatives whenever litigation arises.
The group, however, said its greatest concern was the potential for the proposed law to be used as an instrument for restricting freedom of expression.
It argued that establishing local offices could expose global social media companies to pressure from government authorities to remove online content considered critical of those in power.
According to the rights group, the presence of social media companies in Nigeria could become an avenue for authorities to pressure them into abandoning internationally recognised digital rights standards in favour of politically motivated content moderation.
It recalled previous attempts to regulate social media in Nigeria that generated widespread concerns over possible restrictions on free speech, stressing that any legislation affecting the digital space must contain clear safeguards against abuse.
The organisation warned that the proposed law should never become “a backdoor mechanism for government surveillance, arbitrary content removal or political censorship.
Nigeria has emerged as one of Africa’s most regulated online gambling markets, even as illegal operators continue to dominate the continent, according to a new report by Gaming Compliance International (GCI).
The report, the first comprehensive assessment of online gambling across all 54 African countries, showed that Africa’s online gambling Gross Gaming Revenue (GGR) reached $23 billion in 2025.
However, only $5.2 billion (23 per cent) was generated by licensed operators, while $17.8 billion (77 per cent) remained in the unregulated market.
In West Africa, total online gambling revenue rose to $4.8 billion in 2025 from $4.3 billion in 2024. Of the 2025 figure, regulated operators accounted for $1.5 billion (31 per cent), while $3.3 billion (69 per cent) flowed to unlicensed platforms, highlighting the region’s persistent enforcement challenges.
Nigeria stood out as the region’s strongest performer, recording the lowest unregulated market share at 56 per cent, compared with the West African average of 69 per cent and the African average of 77 per cent.
The study also found that online gambling participation across Africa increased from 198 million people (13 per cent of the population) in 2024 to 215 million (14 per cent) in 2025.
Despite this growth, GCI estimated that illegal operators deprived African governments of about $3.55 billion in tax revenue in 2025. The number of unlicensed gambling platforms targeting African consumers also rose to 4,129, up from 3,644 in 2024.
Commenting on the findings, Matt Holt, chief executive officer, GCI, said the report provides regulators with the first continent-wide benchmark for strengthening oversight and consumer protection.
Ismail Vali, president, GCI, urged governments to develop competitive and well-regulated markets that encourage consumers to patronise licensed operators, boost public revenue and attract greater investment.
Online gambling in Nigeria is regulated by the Nation Lottery Regulatory Commission.
At the height of the Northern Hemisphere tourist season, demand for communications and mobile Internet services rises sharply. Kaspersky’s security experts have uncovered scams that target anyone purchasing mobile connections or SIM cards worldwide.
Fraudsters create counterfeit websites that look like the portals of major regional and international telecom providers to trick users into revealing their phone numbers, personal details or banking information.
Kaspersky is sharing several examples of these fake login pages that mimic legitimate telecom operator sites and giving recommendations on how not to be deceived.
In the first case, scammers exploit the brand name of an international telecommunications company operating services in Asia, Africa and Europe. Fake authentication pages encourage users to put in their phone number and credentials.
While the first example shows the different design, the second scam site closely mimics the original log in page, making it hard for users to tell the difference and spot a fake. Entering authentication or payment data on fraudulent web sites may result in money or data loss and become a reason for more frequent spam and fraudulent calls.
Another example is a scam page which poses as another international communications company, working in North Africa, the Middle East and Southeast Asia. In this scheme scammers encourage users to top up their mobile data/Internet plans by entering their personal information and bank cards details.
Kaspersky experts have also identified a scam when cyber criminals suggest users enter their personal data to check and pay a bill inquiry. Such scam schemes are usually aimed at gaining victims’ personal data for further fraud or account hacking and stealing money.
“Because of the active use of AI, scammers can now create fake pages with ever increasing accuracy and speed, targeting the most popular user interest areas. We constantly see scams revolving around sports events, music concerts, seasonal sales and holidays. Unfortunately, the telecoms industry is no exception.
To keep your data and money safe, be vigilant when purchasing mobile or Internet plans online. Using an eSIM – purchased through an official app – is one way to avoid fake telecom sites, as it eliminates the need to enter personal details on questionable web pages.
If you’re unsure about a site’s legitimacy, search for the brand name directly in a search engine and enable a security solution that blocks phishing links for you,” comments Tatyana Kulikova, cybersecurity expert at Kaspersky.
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