E-Business
FG’s Websites Inactive despite Gulping N20Bn

Many federal ministries and agencies (MDAs) lack active websites despite spending billions of naira on information technology last year.
Daily Trust investigations show that two key agencies under the Federal Ministry of Science and Technology are absent online.
One of them is the National Space Research Development Agency (NASDRA), which is responsible for Nigeria’s space programme and policy development of space science and technology.
Another key agency absent online is the National Board for Technology Incubation (NBTI). A part of its mandate is to synergise with other related agencies to commercialize Nigeria’s indigenous products in the areas of technology and business management.
Similarly, the website of the National Biotechnology Development Agency (NABDA) is rarely updated. When Daily Trust reporter visited it last night, the former Director General of the agency, Prof Lucy Ogbadu, whose tenure ended about two months ago, was still displayed on the website, as the DG.
Even the link to the press release that announced the appointment of Mr Abayomi Oguntade as acting DG on January 28, 2018, was not found on the website.
Almost all the menus on the website were either not active or found, or outrightly blank. Of the 10 menus on the website, only that of the ‘Office of the DG’ was active.
Even at that, of the six sub-menus under it, only the one with the DG’s profile was active. All the remaining ones were blank.
The Federal Ministry of Agriculture and Rural Development website is active only half way as most of the sections are blank.
President Muhammadu Buhari administration is giving priority to agriculture, but there is very scant information regarding that on the website when our reporter checked last night.
Though there was provision for agencies, research institutes and colleges in the website, only the link to agencies display the agencies under the ministry.
Even then only about three of the agencies have an active link that will take you to their websites. The hyperlink for research institutes and colleges was blank when Daily Trust visited last night.
The value chain sub-sectors were also not updated, apart from the names of the items displayed. The addresses of the ministry’s state offices were also not available. The last press release posted on the ministry’s website was dated January 26, 2018.
The website of the Office of the Secretary to the Government of the Federation (OSGF) is also displaying outdated and wrong information. For instance, under ‘Special Advisers’ only two names were displayed even though there are dozens of them, as of last night.
The displayed information was also wrong. Special Adviser to the President on Media and Publicity, Femi Adesina, was addressed on the SGF’s website as special adviser on ‘new media’ to the president.
Though N65 million was spent on the website last year, according to the SGF Boss Mustapha, the last news item posted on the website was in October last year.
Most of the other ministries that have websites rarely update them.
Only last week, the Bureau of Public Service Reforms (BPSR) disclosed that over 70 percent of ministries, departments, and agencies (MDAs) in Nigeria have no websites.
The agency said less than 25 percent of them have functional telephone numbers and e-mail. The acting Director General of the bureau, Mr Dasuki Arabi, said this during the first edition of BPSR Lunch Time Reform Seminar in Abuja.
He spoke at an event themed: “Using ICT within the Public Service in the Ease of Doing Business to Enhance Public Access to Information.”
Arabi said there is a huge gap and constraints to doing business in Nigeria as many institutions of government have no avenue to disseminate needed information by business operators.
“This shortcoming has not only created a huge gap and constraint to doing business in Nigeria but is also responsible for the country being ranked number 169 out of the 190 economies in the world.
´In line with global best practices, institutional websites provide the means through which relevant information for starting business process could be obtained,” he said.
“It is also requisite where information concerning the activities of government organisation could easily be accessed. It is noteworthy to inform you that the federal government has adopted the scorecard in a letter dated 10 December 2017 which would serve as peer review mechanism among the MDAs to boost compliance to standards for government website and improve operationalization of the Executive Order E001 on Ease of Doing Business in Nigeria,” he said
An analysis of the 2017 budget shows that N20 billion has been spent by federal ministries and agencies on information technology services and consultancy.
The budget breakdown shows that the funds were meant for setting up data banks, e-governance, simplifying information dissemination, as well as digitizing work in the agencies.
The allocations were listed under sub-headings for internet access charges, information technology consulting, satellite broadcasting access charges, computer software acquisition, information technology training, reforms communication, and purchase of computers.
Despite these spending, processes of information dissemination by government ministries remain antiquated and slow.
Several visits to the websites of these agencies in the past weeks revealed that only a few of them display up-to-date information.
Most are rarely updated, have blank pages or contain links that lead to no pages at all.
Also, the Foreign Affairs ministry website is not being updated as most of the pages were blank with “coming soon” displayed, including pages on travel advisory, trade, and investment.
The page designated “Nigerian missions oversees” was blank. And the website was last updated on December 7, 2017. The ministry’s links to business, government, visiting, and employment were all not active as of last night.
The Nigeria Police Force has an active website but with very scant information. When this reporter clicked on the link of “wanted persons” it was found to be blank even though the police have lots of wanted persons still on the run.
Among the agencies with regularly updated websites are those of the Central Bank of Nigeria (CBN), Budget Office of the Federation, Nigeria Meteorological Agency (NiMet), Nigeria Electricity Regulatory Commission (NERC), Nigeria Communications Commission (NCC), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and other Related Offences Commission (ICPC), and Nigeria Deposit Insurance Corporation (NDIC).
Others in this category are the websites of the ministries of Information and Culture, Communication Technology, Power, Works, and Housing, among others.
Some of the big spenders on computer software acquisition and other IT related services according to 2017 budget are power, works and housing N5.5bn, DSS N1.04bn, communications N1.05bn, OSGF N1.04bn, National Security Adviser N1.04bn, and Code of Conduct Bureau N1.01bn.
Salaries and wages commission spent N917m, National Population Commission N741m, National Immigration Service N600m, Voice of Nigeria (VON) N663m, Nigerian Television Authority (NTA) N355m, Transports N357m, Finance N344m, Foreign N276m, Defence N281m, Interior N252m, Office of the Head of the Civil Service of the Federation (OHCSF) N204m, and Department of Petroleum Resources (DPR) N288m.
Others include Debt Management Office N130m, Information and Culture N126m, Federal Radio Corporation of Nigeria (FRCN)N122m, Trade and Investment N115m, Environment N147m, Education N111m, Economic Planning N169m, Security and Exchange Commission (SEC) N232m, ICPC N145m, Petroleum N170m, and Mining N245m.
Board of Prisons, Immigration and Civil Defence spent N163m, Fiscal Responsibility Commission N85m, Nuclear Regulatory Agency N100m, Sports and youths N68m, Water Resources N40m, Federal Character Commission N95m, State House N181m, among others.
E-Business
FG Mulls Fibre Optic Layout to Bridge Internet Gaps

President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.
His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.
He said the fibre optic layout is part of other projects being embarked on.
“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.
“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.
He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.
In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.
The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.
Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.
It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.
E-Business
African Startups Raised $345m in Funding in May

African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business intelligence firm.
The report disclosed that both the number of deals and participating companies declined, confirming a growing trend of fewer companies raising funds in larger sizes.
It said fintech attracted the highest share of funding in May, accounting for 34 percent of the total, while cleantech followed closely, driven by a debt deal from Sun King. The company raised $80 million (in local currency) to expand clean energy access in Nigeria.
“Equity remains the primary instrument in terms of total value. There’s no doubt about it; in fact, equity deals with disclosed amounts captured more than half of the total funding volume in May.
“However, debt financing is increasingly proving its weight. Although it accounted for only 8 percent of all deals, it represented 32 percent of the total funding, highlighting the typically larger size of debt transactions. With the rise of specialised vehicles targeting early-stage businesses, debt is becoming an increasingly important part of Africa’s innovation funding landscape,” it said.
Briter’s report added that grants continued to play a vital role in early-stage support, especially in the education technology (EdTech) sector. The Mastercard Foundation led the pack in grant activity, funding a new cohort of EdTech innovators in Nigeria and Kenya. Each selected startup is set to receive $100,000 in grant funding, in addition to mentorship and business development support.
Multilaterals also made a strong showing in May, it said. The Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, issued a $179.6 million guarantee to CleanTech firm KOKO Networks. The support will help scale its clean energy solutions across Kenya.
“This deal not only demonstrates growing international confidence in African climate ventures but also signals a promising pathway for other asset-intensive startups in clean cooking, agriculture, and renewable energy,” the report said.
From a geographic perspective, Egypt emerged as the continent’s fundraising powerhouse for the month, contributing 51 percent of all funding raised. The country recorded 12 deals across equity, debt, and bond instruments. Notably, FinTech platform MNT-Halan raised $50 million through a bond issuance, further illustrating the diversification of capital-raising mechanisms in the region.
Outside Egypt, funding was distributed across Africa’s three other key markets, which are Egypt, Nigeria, and Kenya, with limited activity recorded in countries such as Ghana, Tunisia, Morocco, and Uganda, each registering between one and three deals.
In terms of exits, the African tech landscape continues to mature. Three companies—Baobab+, Qardy, and Shopa—were acquired in May, bringing the total number of exits this year to 22. This already surpasses last year’s count for the same period. Qardy was acquired by Catalyst Partners Middle East (CPME) in a disclosed deal valued at $23 million, the report added.
E-Business
Human Hacking: When Cyber Criminals Target You

By Nancy Werteen
When you get anti-hacking advice, you’ve probably heard “Don’t use a simple password,” or “Don’t plug in that USB you found on the ground.”
But there’s one form of hacking that doesn’t always require a computer, and it costs businesses about 4.88 million dollars a year.
Modern hackers aren’t trying to get into your computer; they’re trying to get into you.
“They’ll try to learn about you a little bit, and they’ll try to use that information against you to try to get you to complete some action, maybe to send somebody some money,” said Kevin Moran, PhD, Assistant Professor of Computer Science, Cyber Security and Privacy Cluster, University of Central Florida.
IBM calls this human hacking, because it exploits human error instead of system error.
“With people just being busy and maybe not very carefully checking some of the emails or the phone calls that they get, can be something unfortunately that people can fall victim to,” said Moran.
Also known as social engineering, this often takes the form of phishing, where the hacker tries to “fish” the information out of you by impersonating family, friends, or even your bank.
There’s also baiting, where the hacker baits you with something of value. Remember the Nigerian prince scam?
That’s a famous example of baiting. There’s also pretexting, where the hacker will claim the victim has already been hacked, and that the hacker can fix it if you just send over your passwords. So, what can you do?
“Just as a rule of thumb, instead of clicking on links and emails, just go to the website yourself. And that will prevent, a lot of these types of attacks from happening,” explained Moran.
Phishing can take many forms.
Spear phishing targets people with access to confidential information, often to get access into an entire business, and whale phishing targets CEOs or political figures.
Search engine phishing is when hackers create fake websites promising services or goods you’ll never receive.
Angler phishing is when hackers create fake social media accounts impersonating famous people or companies.
Finally, vishing and smishing is phishing done through phone calls and texts respectively.
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