Nigeria Loses N3.133trn To Cybercrime Yearly-NITDA DG

Nigeria Loses N3.133trn To Cybercrime Yearly According To NITDA DG.

Nigeria Loses N3.133trn To Cybercrime Yearly-NITDA DG. A report has disclosed that the Nigerian government loses approximately N3.133 trillion to the cybercrime and foreign software each and every year according to the National Information Technology Development Agency, NITDA.

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According to Dr. Isa Ibrahim Pantami, the Director-General of the agency who shared this information at a stakeholders engagement on Nigeria software Testing Guidance, NSTG, and the Guidelines for Information Systems Audit, GITA, in Abuja, also said N127 billion is lost to the cyber-crime incidents yearly due to Nigerian’s incompetence to properly protect information systems. This began in previous three (3) when it was reported that Nigeria Loses N127bn Yearly to Cybercrime according to FG and this time, the news is Nigeria Loses N3.133trn To Cybercrime Yearly-NITDA DG.

Nigeria Loses N3.133trn To Cybercrime Yearly-NITDA DG

Dr. Isa Ibrahim Pantami made it clearly that for services to be safely delivered, it is important to safeguard Nigeria’s information system. He added that it has become absolutely vital to always protect the nation’s information systems from negative breaches.

He declared that, “There is urgent need to continually protect the country’s information system from being compromised. Today, most business processes are carried out electronically, and large amounts of information are stored, processed and transmitted over IT networks, which means businesses, administrations and citizens depend on proper operations of the information technology used.”

Nigeria loses about N127 billion to cybercrimes yearly. This is caused in part by our inability to adequately secure our Information Systems, IS. Therefore, securing our IS is a must, if we want to guarantee the safe delivery of our services.”

Dr. Isa made it clearly that the local software market in Nigeria loses about 10 billion dollars each and every year in their challenge versus effective competition from foreign software used to satisfy the local wants, where local software should have been used to solve all these issues.

In reference to a post published on JBKlutse, Dr. Isa confirmed that “Our indigenous software market has not been left out of the challenges of growth trend with stiff competition from foreign software. This trend has affected the growth of the local software sector, which is now in excess of $10 billion, if well harnessed.

“The importance of software testing cannot be overemphasized in today’s rapidly growing technological environment as the global IT industry may reach $5trillion this year.”

Looking at working more to increase the federal government’s plans to be sure of the government’s services going online and enhancing through digitization, Dr. Isa said NITDA established 2 regulatory guidelines, NSTG and GISA for ideas of specialist from stakeholders solely to ensure a clean implementation of the drafts.

In summary, Nigeria loses about N127 billion to cybercrimes yearly. This is caused in part by our inability to adequately secure our Information Systems, IS. Therefore, securing our IS is a must, if we want to guarantee the safe delivery of our services – Dr. Isa. Nigeria Loses N3.133trn To Cybercrime Yearly-NITDA DG.

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