Connect with us

E-Business

Nigeria Discusses ICT as Alternative Revenue Source at CeBIT 2016

Published

on

NITDA.jpg
Kindly share this post

 

Nigeria has taken a major practical step in its efforts to actualise plans to diversify its economy away from oil by sending a high-powered delegation to attend CeBIT 2016, the world’s leading information and communications technology conference and expo.

The Nigerian delegation was led by Dr. Vincent Olatunji, acting director-general of the National Information Technology Development Agency (NITDA), who represented the Honourable Minister of Communication, Barrister Adebayo Shittu.

Speaking on behalf of the Minister when he led the delegation to meet with the management of Deutsche Messe, organisers of CeBIT, to explore ways of collaboration and how Nigeria as a country can actively play and participate at CeBIT, Dr. Olatunji told the organisers that Nigeria is looking towards ICT as a very good avenue to tap into so as to shore up her revenue inflow especially as price of oil is falling at the international market.

Having explained that the Honourable Minister would have personally attended CeBIT 2016 but was engaged in another international programme on behalf of the Federal Government of Nigeria, Dr. Olatunji told his hosts, “One unique feature of Nigeria is a huge population of nearly 180 million people who are very IT savvy. And, currently the government is looking for alternative revenue channels to oil, hence the government is ready to support the activities focused on ICT.

“And, backing up the government’s efforts, stakeholders in the private sector are coming up with various solutions,” he stated, adding:

“So, I think CeBIT is the platform where we can really showcase and promote what we have; and even look for markets for what we have in Nigeria; look for investors for the young innovators that are coming up; investors that will say if I put in this amount of money in this idea or solution, in the next five or 10 years, this is what will likely be the turnover for me.”

Explaining the uniqueness of Africa’s largest economy, Olatunji said: “Because the market in Nigeria alone is enough to convince an investor to say I really must go into this market; Nigeria is like putting five to six countries in Africa into one country, because of the population. And a very high percentage of the population are the youths, and they are really ready and willing to adopt and use ICT.

“So next year, yes, we are willing to work with you; we are willing to partner with you. And, I am happy that our very important personalities in the government, from the National Assembly, are here with us.

“In fact, their presence is a clear testimony to government’s overall preparedness and willingness to adopt ICT as a reliable alternative to oil for economic growth, for earning foreign exchange and for growing a self-reliant population.

“We are glad to further assure you that we will work with you on the part of the Agency in implementing government’s policies in the area of ICT development in Nigeria.

“For CeBIT 2017, we will start working towards it immediately; we will not wait till close to 2017 before making the moves. In particular, we are very keen on working to bring our young innovators to CeBIT 2017 as a country, among other key areas to showcase.”

Speaking on his impressions of CeBIT 2016 and the impact it could have on Nigeria, Honourable Mohammed Onawo, the chairman, House of Representatives Committee on ICT said: “I am particularly excited that I have attended CeBIT 2016; and with what I have seen, it has encouraged me to take a lot of things back home. One, the digital economy. While we were going round on the guided tour, we visited SAP; and they demonstrated to us software where everything that is done in government can easily be monitored. I was excited about that; because what makes most of our governments fail in the Third World is lack of proper monitoring.

“For instance when budgets are not monitored, a lot of things are done under assumptions; results are not achieved at the end of the day. And, I will really want to take that back home.”

Speaking further, Onawo added: “The second one is the young innovators, start-ups. Before the next CeBIT where we would like to bring our country to showcase our young innovators, I would encourage NITDA to organise a mini-exhibition back in Nigeria; we will discuss with the minister in charge of communication, to see how we can bring young inventors or young innovators together to showcase what they have.

“From there, the best will emerge, that can present something international, that is those that can represent us will emerge from there; and will be selected to come down here. If that is done, a lot of young people who have ideas, but do not know how to bring them out can be encouraged to come out with such ideas.”

Also, Senator Abdulfatai Buhari, chairman, Senate Committee on ICT added: “The opportunity of being at CeBIT 2016 is really commendable. I’m coming to CeBIT for the first time. What we witnessed today while being given the guided tour was amazing. I compare it to what happened in my country some months ago – and I thought if the guy in question was in Europe or America probably investors would have identified his talent.

“This Nigerian in a rural area in the country, manufactured an aircraft, and everybody watched in amazement; and, like a joke, he was able to fly the aircraft. He tried it once; the second time, it landed on water. When he was interviewed, he said that is IT (information technology). But if nobody identifies him that’s how he could remain with his initiative.

“So, I thought about this guy; and, my feeling is we need to pick up such talent that has been identified; these are the young innovators we are talking about. And there are several of them like that across our country. So, our hope is that by the time we are coming for CeBIT 2017, we would have a good story to tell,” Senator Buhari stated.

The NITDA Acting D-G further explained that the agency’s annual lead event for 2016, e-Nigeria, is themed and focused on young innovators. His words:

“Incidentally, the focus of e-Nigeria this year is on Young Innovators, where they will pitch, for three days, in a competitive atmosphere.”

The delegation, which included ICT stakeholders, regulators, as well as the chairmen of the ICT Committees in the Senate and House of Representatives, Senator Abdultfatai Buhari and Honourable Mohammed Onawo, Executive Commissioner of the Nigerian Communications Commission, Engr. Ubale Maska and the Director, Customer Affairs Bureau of NCC, Mallam Abdullahi Maikano, Dr. Agu Collins Agu, Director, Infrastructure and Technical Support Services, NITDA as well as  Mrs. Hadiza Umar, Head, Corporate Affairs of NITDA, had earlier been given a guided tour of selected but leading exhibitors, including Huawei, Tesla, SAP and Intel, among others.

The five-day CeBIT 2016 conference, which put digitisation at the top of the business, political and social agenda, featured more than 500 concrete examples of digitisation and the Internet of Things, where it was reported that in the coming years, more than 50 billion objects will likely be connected with the Internet, with 90 per cent of added value being created in the B2B sector.

With the lead theme “d!conomy: join – create – succeed” , CeBIT 2016 focused on the people behind the decisions powering the digital transformation.

A major feature also on the exhibition areas was the Start-ups at SCALE11 which demonstrated how the Internet of Things can create new business models. More than 400 start-ups at CeBIT 2016 provided a creative boost. They demonstrated how technological innovations go hand in hand with innovations in business models.

Plans are being put together for Nigeria to feature at CeBIT 2017 very strongly.

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

E-Business

Nigerian Terra Industries Secures $11.8m for Expansion

Published

on

Kindly share this post

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.

 


Kindly share this post
Continue Reading

E-Business

Kaspersky Warns Telecom Threats from 2025 will Carry into 2026 as New Technology Adds New Risk

Published

on

Kindly share this post

Kaspersky Security Bulletin reviews what shaped telecom cybersecurity in 2025 and what is likely to persist in 2026. Advanced Persistent Threat (APT) activity, supply-chain compromise, DDoS disruption and SIM-enabled fraud continued to pressure operators in 2025, while newer technology deployments introduce additional operational risk.

In 2025, telecom operators faced four broad threat categories. Targeted intrusions (APTs) continued to focus on gaining stealthy access to operator environments for long-term espionage and leverage through privileged network positioning.

Supply chain vulnerabilities remained an entry point: telecom ecosystems rely on many vendors, contractors and tightly integrated platforms, so weaknesses in widely used software and services can provide a path into operator networks. Finally, DDoS remained a practical availability and capacity problem.

Kaspersky Security Network showed that last year, between November 2024 and October 2025, 12,79% of users in the telecommunications sector encountered web threats and 20,76% faced on-device threats. 9,86% of telecom organisations worldwide experienced ransomware.

At the same time, the telecommunications sector is moving from rapid technological development to broad implementation — and the report argues that this shift creates new opportunities and new operational risks for 2026.

Kaspersky highlights three areas where technology transitions could introduce disruption if rolled out unevenly or without strong controls: AI-assisted network management, where automation can amplify configuration errors or act on misleading data; post-quantum cryptography transitions, where rushed deployment of hybrid and post-quantum approaches could cause interoperability and performance issues across IT, management and interconnect environments; and 5G-to-satellite integration (NTN), where expanding service footprints and partner dependencies introduce new integration points and potential failure modes.

“The threats that dominated 2025 — APT campaigns, supply chain attacks, DDoS floods — aren’t going away. But now they intersect with operational risks from AI automation, quantum-ready cryptography, and satellite integration.

Telecom operators need visibility across both dimensions: maintaining strong defences against known threats while building security into these new technologies from day one. The key is continuous threat intelligence that spans from endpoint to edge to orbit,” said Leonid Bezvershenko, senior security researcher at Kaspersky Global Research & Analysis Team.

 


Kindly share this post
Continue Reading

E-Business

Study Reveals 88.5% of Phishing Attacks Focus on Stealing Account Credentials

Published

on

Kindly share this post

Kaspersky analysed phishing and scam campaigns observed from January through September 2025 and found that 88.5% of attacks globally sought credentials for various online accounts.

Another 9.5% targeted personal data such as names, addresses, and dates of birth, while 2% focused on bank card details.

According to data from Kaspersky, over 38 million phishing links were clicked in Africa in the previous year (from November 2024 to October 2025) – all of which were detected and blocked by Kaspersky solutions.

Not everyone uses protective solutions on their devices however, and phishing remains one of the most prevalent cyber threats, with attackers luring users to fake websites where they unwittingly surrender their login credentials, personal information, or bank card details.

Kaspersky research shows that most phishing pages transmit stolen information via email, Telegram bots, or attacker-controlled panels, before it enters underground resale channels.

Data stolen through phishing is rarely used only once: credentials from multiple campaigns are consolidated into data dumps and sold on dark web markets, in some cases for as little as $50. Buyers sort and verify the data to check whether accounts remain active and reusable across different services.

According to Kaspersky Digital Footprint Intelligence, average 2025 prices ranged from $0.90 for global Internet portals to $105 for crypto platforms and $350 for online banking access. Personal documents such as passports or ID cards sold for about $15 on average, with pricing influenced by account age, balance, linked payment methods, and security settings.

As datasets are enriched and combined, attackers can build detailed digital profiles that may later support targeted attacks on executives, finance staff, IT-administrators or individuals with valuable assets or personal documents.

“Our analysis shows that credentials account for nearly 90% of phishing attempts. Once collected, logins, passwords, phone numbers, and personal details are aggregated, checked, and resold, sometimes years after the initial theft.

Combined with new information, even old credentials can enable account takeovers and targeted attacks against both individuals and organisations.

By leveraging open-source intelligence and old breach data, attackers can craft highly personalised scams, turning one-time victims into long-term targets for identity theft, blackmail, or financial fraud,” said Olga Altukhova, senior web content analyst at Kaspersky.


Kindly share this post
Continue Reading

Trending