Business
Institute Wants FG To Formulate Policies On Cyber Security
The African Institute of Information Security (AIIS), has called on the Federal Government to formulate policies, laws and regulations that would ensure citizens’ data were secured.
A Cyber Security Analyst, Mr Kayode Eyinade, said this on the sidelines of a two-day workshop on Friday in Abuja.
he workshop on Information Security and Ethical Hacking, was organised by the institute to create awareness to the public.
Yinade, who was one of the facilitators, urged the government to enact laws that would make it possible for fraudsters to be tracked and punished.
“Government needs to create the policy, laws and regulation that will be able to make everybody safe and secured.
“If people commit crime, how do we track them down, how do we punish them to effect deterrent from others who want to do it?
“Those are the necessary steps and you know they say security is a shared responsibility, all of us have particular roles to play.
“We the professionals, the users, the government agencies and corporate organisations have a role to play,” Eyinade said.
He said that the workshop was organised as a result of numerous complaints by individuals of fraudsters hacking into their accounts and defrauding them.
“So many people have been complaining that their Facebook account, yahoo mail and Instagram page are being hijacked and all these bring fear to people.
“People want solution and answers to all these problems because they are scared. So, that is one of the reasons this workshop was put together.
“But first the awareness of the existence of the problem should be created which is the first step and that is why this workshop was organised,” Eyinade said.
He said that one of the effective ways of securing data was by constant change of passwords, combination of alpha numerals, mixture of different cases of alphabets, and symbols.
One of the beneficiaries at the workshop, Mr David Martins, described the workshop as an open avenue to have more knowledge on information technology.
“With the little knowledge that I have acquired, I really need to go further into cyber security.
“I look forward to become certified in information technology.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.