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Shittu Urges ISACA to Build Cyber Security ‘Army’ to Attract FDI

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Virtually all developmental moves in the world involve the application of Information and Communication Technology, however, security implications are growing exponentially and needs to be addressed to attract foreign direct investments (FDI), said Adebayo Shittu, minister of Communications.

Shittu made the remark Information Systems Audit and Control Association (ISACA) 8th Annual International Conference, held in Abuja, saying that the financial sector deserves protection from the cyber security professionals.

According to him, the traditional banking was essentially paper-based and therefore void of cybercimes, “however, in the financial services world of today, banking transactions are fast leaving the four walls of brick & mortar branches to the clouds; increasing transactions are being done via ATM, POS, Internet banking, Mobile Money, and NEFT; account opening is now possible on Social Media platforms such as Facebook.

“Besides, the information of all registered citizens of Nigeria is stored in the cloud. The electoral process today also involves use of electronic card readers.

“The use of CCTV is very common in most organizations and even households today. Mobile communication and e-mailing and social media communication are now the order of the day. Use of computers and other office support systems are obvious in all offices today. Electronic commerce and online malls are very prevalent. Electricity and transportation had also gone digital, using prepaid. This developmental approach, as good as it is, is faced with war with cybercriminal elements”.

The recent data from NITDA shows that there were a total of about 3,500 cyberattacks in Nigeria, 70% of which were successful, which led to a loss of about $450 million.

“The question,” Shittu said “is, should we go back to the old days or move ahead with spears in our hands to conquer this cyberwar? Of course, we must move ahead; we must fight the war; and we must conquer but we MUST optimise our technology”.

The Minister said that maintaining cybersecurity does not come with the military guns and bullets, but with relevant professional skills and expertise. “I am convinced ISACA has those skills; you have the knowledge; you have the professionals; you have the approaches, techniques and strategies. Permit me to say that you sitting here are the professionals Nigeria is counting on to conquer the cyberwars and crimes in the country. If the country fails, then you have failed and ISACA has failed in Nigeria.

“Several certifications and trainings in cybersecurity are available today. I am aware that ISACA had recently introduced CyberSecurity Nexus (CSX) to equip professionals with expert skills and competencies to counter cyber terrorism.

“At this juncture, may I emphasize here that though these certifications are very important, but your practical involvement, the demonstration of your expert knowledge in facilitate a secured cyberspace in Nigeria is our utmost demand.

“I can assure you that if our cyberspace is safe, investors will come; e-commerce will be given much priority; and most transactions will be done without stress and above all, the quality of life will increase. This is what national development is.

“The share of telecommunications in total real GDP had declined throughout 2010 to 2014, but for the last five quarters, growth in telecommunications has been higher, meaning the trend has reversed.”

He said that government plans to unlock the potentials of local solutions and unplug the low hanging technology fruits, to make Nigeria IT capable country in the knowledge society,

“Government is also planning to constantly retool the curriculums in tertiary institutions. He further said that the State should retool all lecturers and civil servants to deliver digital dividend through inclusiveness in the emerging information society (IS). There are gaps in the ICT ecosystem that is inhibiting the kind of growth, sectoral connections and contribution to our economy that it is capable of,” Shittu said.

The Minister however admitted that the National Broadband Plan objective to attain 30% broadband penetration goal by 2018 is facing challenges; “The big question before us today is how do we develop the requisite infrastructure to sustain and increase growth rates and increase broadband penetration levels? Is the environment enabling enough to allow for more infrastructure rollout? The answer rests in how we unlock the supply chain of our Digital Ecosystem”, the Minister added.

 


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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.

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E-Business

Report Shows Start-ups Fuel Innovations in Africa

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Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”

The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.

Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.

The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.

Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.

South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.

Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.

According to Bloomberg, a defining theme this year is the source of funding.

Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.

International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.

The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.

Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.

Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.

She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.


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NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

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Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

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The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.

Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer,  NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.

The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”

Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.

According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.

He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.

“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.

Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.

He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.

According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.

Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.

He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.

According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.

Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.


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Anthropic Raises $65 Bn to Expand AI Research, Innovation

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Anthropic, artificial Intelligence company, has said that  it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

Anthropic Raises $ 65 Bn to Expand AI Research, Innovation

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.

Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.

The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.

Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.

The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.

Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.

Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.


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