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Experts Suggest Ways to Address Shortage of Skill-set in Cybersecurity

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Worried by several reports revealing shortage of skillset in cyber security in Nigeria and other African countries, experts have adduced ways out of the challenge.

In a recent report published by Demadiur and Serianu there are only 3,500 professional cyber security in Nigeria while sub Saharan Africa has 13,500 which are far less of number require by organisations to equip them against cyber-attacks.

More so, Pwc predicted cyber security workforce gap to widen to 1.5 million job openings by 2019, up from 1 million in 2018.

“Your organization simply may not be able to find enough qualified people to help drive a successful cyber security and privacy program,” the report stated.

Dr. Seyi Akinderinde, co-founder and chief technical officer, Digital Encode, told Nigeria CommunicationsWeek that the shortage of skillset in cyber security is not limited to Nigeria alone.

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“It is global. I think more can be done by the organized private sector by setting up Cybersecurity training hubs in the computer science departments of universities and polytechnics and encouraging would be graduates to take up the offer,” he said.

Also responding, Jude Ozinegbe, chief operating officer, Vault Bridge, said that Cybersecurity should be infused into Nigeria educational curriculum, from the college to the tertiary levels, “companies and relevant government agencies should encourage hackathons and train IT personnel in various fields of Cyber security”.

On involvement of law enforcement agents in cyber -attacks, Akinderinde, said Nigeria law enforcement has to rise up to the occasion. “There’s need for all round capacity building and development in the areas of cyber -crime and internet fraud. They need to know about the latest tools and techniques in order to combat cyber -attacks.

Ozinegbe advocated for a “Cyber Task Force” made up of highly skilled professionals, perhaps as a unit in the Police Force, DSS and other relevant agencies, who are very involved in forensic investigations, and not “people who assume anyone with an iPhone is a criminal”.

“After setting up and adequately training such personnel across agencies, a massive awareness campaign should be carried out, informing the public on what to do and where to go in the case of a data breach or a cyber-attack.

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“This ‘authorized personnel’ can also conduct or supervise period penetration tests for organizations”.

They lso spoke on the erroneous perception of blockchain technology and cryptocurrency. According to Akinderinde, “there is blockchain and there is crypto. People should not confuse both. Blockchain has far more use cases as a decentralized, distributed technology and isn’t limited to crypto. Education is needed because people need to know the difference.

Blockchains aren’t limited to financial use cases. You can have them in supply chain, education, voting, ticketing and in any field you want transparency.”

For Ozinegbe; “Blockchain is the infrastructure on which crypto currency is built, it’s like a highway that caters for all kinds of automobiles: Trucks, SUVs, Sedan, Bikes, name it. A wrong ideology, due to early adopters has made the generality of people think Blockchain and Cryptocurrency are the same, it is like saying, a highway and a car are the same.

“Just as you have different types of automobiles on one highway is how we have different services on the blockchain.

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“Today, Blockchain addresses issues related to Fintech – obviously the first application, that’s why it’s very popular in the financial sector.”

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Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

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New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.

Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.

For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.

CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”

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Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.

Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.

Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”

The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.

That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.

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NCAA to Introduce RFID Technology to Tackle Missing Luggages

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Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

NCAA to Introduce RFID Technology to Tackle Missing Luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.

Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.

According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.

Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.

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Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.

He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.

The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.

The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.

The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.

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Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

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eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.

In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”

Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.

However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.

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She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.

Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.

“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.

Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.

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