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Ekeh, Zinox Boss Inspires Thousands @ RCCG Summit

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Leo Stan Ekeh, serial digital entrepreneur and chairman, Zinox Group, has called on Nigerians to believe in the future of the country, noting that the world is currently in a knowledge century in which there are no barriers to wealth acquisition or achieving greatness.

 

He made this call at an economic summit organized by the Redeemed Christian Church of God, Christ Church Parish on recently.

 

With the theme – Economic Outlook and Prospects in Election Year, the summit saw Ekeh share his thoughts on Nigeria’s economy and the future of the digital industry culminating in a standing ovation at the end of his speech.

 

“You must anticipate the future. It is not static, otherwise you don’t have a reason to grow. The 21st Century is a knowledge century; it is one in which you have a right to be rich, even as an employee because if they under-pay you, you have a chance to get a better job,” Ekeh declared.

Leo Stan Ekeh

“If you are an entrepreneur, then you have a right to make mega-wealth. A lot of you are intimidated when you look at the profile of people like the Aliko Dangotes and Mike Adenugas but you forget that when a man is successful, you only hear the good side of their emergence but if you look back critically, you will see that their rise to the top was not an easy one. When you are psychologically defeated, you have lost the war.

 

“In life, you must take a conscious decision on who you want to be and if you are a human being and a citizen, you must add value to your environment, community or country. In the 21st Century, you decide who you want to be. The biggest problem with Africa is that our parents want us to make money the same way they did. It means we are all blind. If your father was a taxi driver, you cannot be the most popular taxi driver because today, we have Uber and other ride-hailing apps. But if you created an Uber, then you become the largest owner of commercial vehicles in the world.”

 

Ekeh who recently oversaw the acquisition of e-commerce giants, Konga from previous owners Naspers and AB Kinnevik followed by a combination of its operations with that of Yudala, declared his chosen field of technology as a leveler and the only profession in the world that can bridge the gap between the rich and the poor individuals and countries of the world.

 

“Technology is the only way the son of a poor man can become rich in the 21st Century and that is the only way the son of a rich man can consolidate the wealth of the family. You are a stupid, poor man if you cannot challenge the status quo. It was through technology that I transformed the media and multimedia industry and computerized them for the first time.

 

“Same way we helped create a reliable database of voters for Nigeria through the impressive work Zinox has done with INEC and which we have replicated in other African countries such as Guinea-Bissau. Today, we are currently looking to transit the country to e-Voting which will further go a long way in reducing post-election litigations,” he enthused.

 

Urging the members of the audience to retain their hopes in a brighter future for Nigeria, Ekeh encouraged the attendees to rise to the challenge and make a positive difference in their circumstances.

 

“Nigeria is a country with huge potential. There is a future here and no one has a right to stop you: government, individuals or even your father. You must build yourself as a collateral in order to succeed in life. The only way to build that collateral is to be a man or woman of integrity.

 

“In business, you must acquire a big dose of spirituality and always make provisions for your place of birth, in this case, where you do business. Many entrepreneurs transplant foreign technology or strategies here without considering our existential circumstances or the needs of the country.

 

“The challenges of your family or country are things that activate innovation and solutions. If you don’t disrupt, you die. In business, you must trade to lead or you get out of that platform. It is not child’s play. What made you rich will not make your child wealthy, unless they add digital style to it, which is technology. When I say we are in a knowledge century, it means no one can stop you from achieving success.

 

“The failure rate of startups in this country is about 75% and this is a shame to the quality of brains we have in Nigeria. The problem with most of the young people in tech – and this is one of the reasons most tech start-ups fail – is that they do more talking than content and they want to live large. You must incubate and grow. There are so many opportunities to generate creative wealth in the world today.

 

“Knowledge is open so you need to constantly read and learn but you must embrace humility and be ready to incubate for a period and be spiritually strong. Above all though, you must be close to God. Any successful man or a quality entrepreneur that is not close to God is not really successful.”

 

Among the many opportunities Ekeh referenced were digital security, digital lifestyle and growing dynamism in the e-commerce sector. He also disclosed his determination to invest in incubation centres to develop youthful talents through mentoring who will transform the fortunes of the nation.

 

Other speakers at the summit were Dr. Biodun Adedipe, Chief Consultant, BAA Consult; Mr. Abiola Ogunrinde, CEO, Tronica Natural Ltd and Dr. Mrs. Jumoke Oduwole, Senior Special Assistant to the President on Industry, Trade and Investment.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University.

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FG Hopes Methanol will Improve Economy

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Dr. Ogbonnaya Onu, minister of Science and Technology, has said that the use of methanol will help improve the economy and provide jobs amidst COVID 19 and after.

FG Hopes Methanol will Improve Economy

Dr. Ogbonnaya Onu, minister of Science and Technology

The Minister made this statement during the final meeting of the cabinet committee to source funding for the implementation of the national policy on methanol fuel producing, in Abuja.

“With the full implementation of this product methanol, such will help improve our economy and provide jobs in line with the objectives of Mr. President to defeat poverty that has been on for years, create jobs for our citizens and most of all look inward.

“The COVID 19 pandemic has exposed weaknesses amongst many nations and has shown the world that science, technology and innovation (STI) remains key of developing nations. We recently, have seen nations running short of PPEs, face mask and other protective measures against the virus and everyone working judiciously hard to see how the vaccine can be created to fight this physical enemy in our health system, society, economy and way of life.

“Nigeria has tremendous potentials to truly become a great nation and COVID 19 in turn is a wake up call for us to start as a nation believing in ourselves and how to produce what we need basically as a people and this is where methanol comes in. If you recall, our nation has depended for long on commodities,” Onu stressed.

He therefore pointed out the advantage of the use of the methanol stating that the chemical can be sourced for a thousand of products which are commonly used in schools, laboratories, etc. Adding that, this would help to diversify the economy in a way Nigeria can recover very quickly.

“It can be used adding 15% to the fuel making it economical, it is environmental friendly, cheaper to afford, use to produce power for electricity or generators in our homes, offices, schools, industries, etc. It can also be used for cooking which is cleaner and cheaper than the kerosene and also to save forest by not using the woods to cook and darken pots, to eliminate gas flaring, and another important fact is that it isn’t injurious to our health and environment.

The FMST boss further said that a lot has been lost to importation making Nigerians stay out of job in the area of STI, “but that has come to an end because we will no longer export our natural resources in their native state and then they refine it and bring it back to us in a higher amount to buy. And so this meeting will help us achieve the result the Federal Executive Council (FEC) desires as a nation.

Barr. Mohammed Abdullahi, minister of State Science and Technology and the representative of  Mr. Bitrus Bako Nabasu, minister of environment, representative of the Group Managing Director of NNPC and many important personnel all graced the meeting.

 


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Foreign Industrialists Plan $40Bn Investment Hub in Anambra

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The sum of $40 billion is to be invested by foreign industrialists towards establishment of an investment hub in Anambra State, according to Chika Ibeneme, senior special assistant to Governor Willy Obiano on Media and Image Management.

Foreign Industrialists Plan $40Bn Investment Hub in Anambra

The essence of this investment is to cushion the economic effects of COVID-19 and further arrest possible challenges that may arise from the effects of the pandemic in the state.

Ibeneme, during a briefing in Awka, said the investors would establish an Industrial Park that would accommodate housing estates, police station, school, and hospital among other economic structures, with the capacity of creating over 5000 direct and indirect jobs.

Ibeneme stressed that the multifaceted investment would be situated at Mgbakwu, Ebenebe, across Ezu River axis, in Awka North Local Government Area.

According to him, the $40 billion investment will be done in phases with a duration of seven years.

He said the investment would boost the state’s Internally Generated Revenue, as well as the GDP of the state, geared towards making Anambra an industrial hub of the nation.

“Amidst lockdwn, Governor Obiano is still striving to further strengthen the economy of the state. The investors are coming due to the security architecture Governor Obiano has attracted.

“Indeed, the lockdown has brought out the best from Governor Willie Obiano. He is a man who knows the indices of managing an economy. He had prepared for for any economic challenges before he came into power.

“Because of this lockdown, there are little or no economic activities. The internally generated revenue and taxes decrease, but government expenditure like salary and overhead are not lockdown.

“So government continuous to make expenses without a comparable income generation factor.

“In Anambra State, government activities and expenditures are on monthly basis, without adequate internally generated revenue. Workers recieve their salaries, palliatives had been distributed and so on.

“Governor Obiano is able to actualise these due to strong economic structures he has put in place.

“I urge everyone to support the government of Governor Willie Obiano and adhere to the COVID-19 protocols for a healthy nation. A healthy citizen dwells in a healthy nation,” Ibeneme concluded.

 

 

 


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6 Ways to Protect Your Networks Against DDoS Attacks

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A DDoS attack can happen to anyone.

In the past, it has hit Twitter, Telegram, GitHub, and the BBC. Whole governments, like those of Ecuador and Estonia, have had their websites knocked out by it.

This is not a rare threat. Every year, numerous organizations suffer from targeted DDoS attacks, launched at them by malicious agents from unknown locations. It causes their websites and networks to shut down and makes them lose millions of otherwise productive hours.

That’s a lot of revenues foregone. In the United States alone, businesses lose $10 billion annually because of these incidents. And with these attacks growing in other parts of the globe, there’s reason to be wary of the threat that they pose.

Your organization could be at risk, regardless of where you are.

But what are DDoS attacks? How do they work?

What is a DDoS Attack?

A DDoS (Distributed Denial of Service) attack is a type of DoS attack.

In a DoS attack, a malicious agent attempts to overwhelm their victim’s networks with fake traffic. For instance, they could send a lot of false requests to the victim website. The aim here is to stuff the network so much that people with real requests cannot get through to the website.

A regular DoS is launched from a single user device. But in a DDoS, the human agent gains access to several devices (PCs or smartphones) by infecting them with malware, and use those devices (collectively called a ‘botnet’) to flood the victim’s network with fake requests.

When a network comes under attack in this way, its servers will either fail to perform optimally or crash.

What are the Types of DDoS Attacks?

There are two general groups of attacks in this category:

  • Network Layer Attacks: this aims to clog up the pathways connecting your network. They make it difficult for genuine traffic (from customers or non-malicious visitors) to access the affected organization.

The scale of these attacks is measured in Gigabytes per second (Gbps). Assaults of several hundred Gbps have been reported, but anything above 20Gbps could knock out your network.

  • Application Layer Attacks: In this case, the attacker sends requests that require considerable resources to handle. They cause the victim’s disk spaces and CPU to fill up with false logs.

What Motivates DDoS Attacks?

Here are the most common reasons why attackers launch DDoS assaults.

  • Extortion: They may ask you for a ransom in exchange for ceasing their attacks.
  • Cyber-Activism: Also known as ‘hacktivism’. Certain groups strike at organizations that they believe aren’t aligned with their cause (e.g. if they think the organization has a bad social or environmental record).
  • Competition: A competitor may be responsible for a DDoS attack launched at your business.
  • Lone Attackers: Some people may do this for other reasons, e.g. gaining the respect of a community of illegal hackers.

How Do You Protect Against DDoS Attacks?

You wouldn’t want to waste days recovering from a DDoS strike, or lose substantial amounts of money in that period. Here are some steps you can take to prevent this from happening:

  1. Design a Response Plan for DDoS Attacks

Document a response strategy for a DDoS attack. This should include ways to ensure business continuity even when a DDoS attack succeeds. Assign roles (for instance, a rapid response team) and establish communication systems that can be activated if this happens.

  1. Guard Against Other Threats to Your Networks

Many cyber attackers are now using DDoS as a diversionary tactic. They could keep IT teams engaged with a DDoS strike, while they launch malware at your systems. This calls for vigilance on your part. Don’t be so preoccupied with fending off a single threat that you forget to guard other posts.

  1. Track Your Traffic

Use monitoring tools to track traffic. Monitor for possible spikes in incoming network traffic, and keep an eye on suspicious IP addresses when you spot them. Note that sudden, sharp, and unexplained rises in traffic could be a sign that an attacker is ‘testing’ your defenses. If the threat isn’t checked at this early stage they may follow up with a major DDoS attack.

This measure isn’t enough to keep malicious agents away. But it does let you prepare for a possible strike against your network infrastructure.

  1. Set Up Network Security

You should have a combination of network security tools in place to protect against these strikes. These include firewalls, content filtering, anti-spam, and load balancing. Taken together, these should give you a moderate buffer against malicious traffic.

  1. Update Your Systems

Your old systems could have vulnerabilities in them that DDoS attackers could exploit. By updating your system, you gain access to the newest defenses that your IT service providers have to offer and stay a step ahead of the vandals.

  1. Work with an IT Security Solutions Provider

Unless you have a big, five-star in-house IT team, even your best efforts may fail to ward off a DDoS attack. That’s why you need to work with an IT security services company that takes on this task and delivers at the highest level.

If you’re in Nigeria, you can trust Layer3 to secure your networks against security threats. It provides this service to clients in several industries, including some of the country’s top organizations.

Conclusion

Denial-of-service attacks are becoming more frequent. It’s one unsavory consequence of an interconnected world—ill-intentioned actors can target victims from wherever they are in the world. Unless you have the right defenses and mitigating strategies, you may suffer major losses from these assaults.

Thankfully, there’s help you can use. At Layer3, our team of experienced cybersecurity professionals can help you guard against these threats. Whether it’s testing and vulnerability assessment, log management, incidence response, or a fully managed security service, you’ll get the protection that suits your needs.

Would you like to get a robust defense against DDoS and other cyberattacks? Get in touch with us today via the contact channels here.


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