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PKI Will Authenticate Data from Nigeria-Omotoso

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Bolanle Omotoso, country managing director/founder, Data Recovery Specialist Limited is is an experienced and highly skilled business technology consultant with specializations covering data availability, disaster recovery and prevention, digital forensic investigation services and consultancies, protection of information assets, and corporate fraud control.

Omotoso has led several turnkey ICT projects in Nigeria while heading the ICT department of his employers and as an entrepreneur.

He founded Data Recovery Specialist Limited in 2006 as the first professional data loss recovery company in Nigeria.

Omotoso spoke to peter ugwu on stakeholders’ expectations on Public Key Infrastructure (PKI) scheme campaigned for by the National Information Technology Development Agency (NiTDA).

Data Recovery Specialist Limited
Data Recovery Specialist Limited was established in 2006. What we have been doing centers on information security consultancy.

We are the West African foremost data recovery and computer forensic service company with accreditation to exclusively operate and carry on professional services as part of the Globally Networked Business offices of the world renowned, World-Best Repair & Service Company; Myung Information Technologies Company Limited, Korea.

I will make bold to say that with our state-of-the-art recovery laboratory in Lagos and the latest advanced recovery techniques, experienced technicians and the reliability clients would expect from a world class leader in recovery technology, we are the best in the industry.

We have been doing that through extensive research and development program; maintaining leading-edge expertise in all areas of recovery and computer forensics.

Developed Solutions
Data Recovery Specialist is internationally affiliated with other world renowned data recovery companies in USA, UK, India, South Africa & Russia.

We have live access to engineers in Korea every day, along with high-speed secured data communications link deployed for USA & European technical backup.

This allows us to tap into international resources and expertise 24 hours a day to effectively handle any data recovery, no matter the size or complexity.

Today, people talk about public key infrastructure (PKI), although it has been developed in Nigeria, but in our little way, we have been developing on that, helping companies achieve secured transaction processes.

PKI Concept and National Agenda
First of all, it is important that stakeholders support the National Information Technology Development Agency (NITDA), in the effort to have a national PKI blueprint.

When operational, PKI will register Nigeria’s presence in the comity of digital economies, drawing attention to Nigeria’s readiness to tackle security threats associated with cyberspace. Everything is digitally done now.

So, as a country, if you fail to do your homework to secure your space, the international community will blacklist you from performing certain transactions that incorporate cyberspace.

 But when the PKI is operational, nobody will make gag of Nigeria again. It will seal the mouth of critics, because most companies at the international arena actually view their Nigeria counterparts’ processes as porous to attack and compromise.

PKI Implementation Channels
Anybody that does transaction, especially with international partners or a third party, needs PKI to move forward, achieve maximum authentication and security.

Whether you are in financial, telecom, oil and gas, shipping among other sectors, you need PKI.

The present Nigerian society is such that everything is going online; not just online, but on mobile, because the internet penetration is growing; the mobile money is there, cashless economy policy and host of other developmental agenda driven by information communications Technology (ICT).

All these things pass through certain levels of authentication. The reason sometimes somebody would want to send money to another person and it get diverted is because initially there was no authentication.

National Security Using PKI
National security management is all about identity management. It starts with being assured that the person you are dealing with at the other end is the right person.
For an instance, while leaving your home in the morning, right there at the gate you informed your  younger brother that someone is coming to pick up a particular item. Probably, someone was eavesdropping and approaches your brother later requesting for the item.

If there were no concrete mode of identifying the real person, your brother is likely to make mistake of giving out the item to the wrong person.

So, what PKI does is to confirm or authenticate people or parties involved in a transaction; it will curtail certain outrageous claims and legal tussles that ensue, especially after financial transactions.

Data security is paramount in whatever process we found ourselves, PKI will also help in ensuring confidentiality of data or information.

Meanwhile, none of the parties will feel surcharged, because the process would have been done in a transparent manner.

If parties agreed on one percent I can turn around tomorrow to say that was never our agreement, but because right from the initiation of the transaction everything was protected, there would be nothing to hold unto, unless for people with dubious minds.

Outsourcing of National Data Capturing Projects to Foreign Companies
Frankly speaking, when you want to improve on any project you have embarked upon, one of the things you cannot avoid is talking to people who have the expertise, those who have done such thing in the past and can tell of their experiences.

The essence is for you to learn from them-the pains and gains.

Through that knowledge you can then perfect your system.

When you asked outsourcing national data capturing processes to foreign companies, maybe you were referring to the National Identity Management Commission (NIMC) project outsourced to MasterCard, whether we like it or not, we need to learn from others. Also, the people (Nigerians) working at the NIMC are professionals.

Those things you believe they have outsourced are based on the fact that they want the staff to learn from MasterCard. Not just that the company’s tools to carry out the project are based in Nigeria.

The systems they are using are made in Nigeria. That goes to show we believe in ourselves and products.

Even software, what you do not have, get it from whoever has it.

The lesson is for us now to focus our strengths on the developmental agenda that would grow innovations in the industry.

Today, we have an incubation centre for software developers; in the recent past there was nothing like that.

The country is on the right path to information development just that we need to speed up the process to meet with others. We have to learn how to develop our own.

Securing Nigeria
To secure Nigeria by way of making people become security conscious is very simple. If we take mobilization and advocacy attached to the HIV/AIDS scourge, one will discover that although it does not kill easily yet government at international and local fora harped on it.

Several NGOs came up as a result of the need to create HIV/AIDS awareness. Today, we have National Action Committee on AIDS and States have equivalent bodies, why not replicate that gesture in the issue of security consciousness.

We have to make such noise to enlighten people on security tips.
Some sectors are trying, but we need a national course on that. Banks are trying; they issue you with a Personal Information Number (PIN) code and warn you not to disclose it to another person.

There are nasty mistakes people make that can be corrected by way of security tips.

There is no message you get from banks without attached warning that you should not make available your PIN or password available to anybody.

Exiting Challenges
As we speak today, a lot of companies are rejecting data coming from Nigeria, just because they do not trust us.

The reason is not far-fetched; some of the data or mail that emanate from Nigeria are transferred in an unencrypted format and it gives the foreign partners concern.

Transferring information to that partner in an unencrypted format may reveal the data or information to the third party.

Those foreign companies are cautious about how their data are shared or circulated and would not permit any process that will compromise them.

Opening the channel to ‘unauthorized’ or ‘unwarranted’ party can lead to financial loss. Nigeria currently loses money to international organizations.
Why? During computer transactions you have to adopt solutions made abroad, even when such can be developed in Nigeria, which points to the none-existence of authorities that will regulate that in our country.

Solutions
What can be done is what NITDA is doing now, by coming up with a blueprint. I have gone through the document and it is a well elucidated document that makes bare how PKI operates.

The essential part of the project implementation should be on proper sensitization of stakeholders comprising users, businesses, organizations and others that will benefit from PKI scheme. 

The next thing is for NITDA to table the document before the National Assembly for proper legislation.

Once the NASS is convinced that the business class has accepted it, it will receive accelerated hearing, because this is tied to the success of majority of the nation’s economic agenda, like the vision 20:2020.


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New Report Reveals 20% of Nigerians Use Bitcoin to Transact Daily

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A new report claims that 20 per cent of Nigerians are using Bitcoin to carry out financial transactions every day.

According to the open-source blockchain website, Elastos, the research was compiled from online interviews conducted with 1,407 self-defined ‘tech savvy’ respondents in Brazil, Germany, Nigeria, South Korea, UAE, the UK, and the US.

The interviews were completed by a third party, a registered market research company and completed between 30 March and 04 April ’24.

The report further revealed that 67 per cent of Nigerians would have more trust in Bitcoin to put their life savings than banks and local governments.

The report reads; “The inaugural BIT Index (Bitcoin; Innovation & Trust) – compiled from over 1,400 self-defined ‘tech savvy’ respondents from 7 countries across the globe – sheds light on the actual perception and use of Bitcoin in people’s daily lives, irrespective of its current valuation. Elastos’ BIT Index is part of ongoing research to better track the ‘real world’ use of Bitcoin together with users’ motivations, expectations and barriers around the same.

“In particular, the data reveals the role being played by emerging markets in terms of understanding, usage and confidence around Bitcoin. Nigerian respondents’ levels of usage and trust compare starkly with those expressed from so-called ‘established’ markets such as Germany and the UK and Germany where daily usage levels are just 8% (for German respondents) and (9% for their UK counterparts).

“In terms of the trust – in addition to Nigeria – significant proportions of respondents from Brazil (35 per cent) and the UAE (32 per cent) would have more confidence in Bitcoin-based services to protect their life savings compared to those from markets such as the UK (20 per cent) and Germany (22 per cent).

“When it comes to ensuring the integrity of online transactions, emerging market respondents also revealed their relative confidence in Bitcoin, compared to alternatives. According to the data, 66 per cent of Nigerian respondents and 35 per cent from Brazil have more confidence in Bitcoin-based systems than alternatives such as banks, or national Governments, compared to figures of just 16 per cent (Germany) and 21 per cent (UK) who feel the same.


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Defending the foundations for connectivity

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By Engr. Gbenga Adebayo

In 2001, when the first GSM call was made in Nigeria how many of us would have envisaged the digital world that we live in today? The pace of growth and the rate of adoption of telecoms solutions in Nigeria has been revolutionary. It is a globally acknowledged case study that we should be proud of and a clear demonstration of what can be achieved.

Almost all of us today are reliant on the network connectivity that it has enabled in different shapes and forms. From the simple need to communicate with loved ones, to the digital platforms that enable our access to and consumption of entertainment, financial products and other critical services. Our reliance on these systems is becoming more and more acute, whether it is citizens, governments, or corporations. System downtime is increasingly disruptive and offline manual redundancies are often in the advanced stages of being phased out. The pace of this transition is not slowing down. With the core infrastructure in place, innovation is driving the exponential growth of services that ride on it. From the fully adopted social media that has changed the way we interact, to the emerging Artificial Intelligence (AI) revolution.

While this innovation is enabling exciting new possibilities, there is a tendency to focus on those opportunities, to the detriment of the core infrastructure on which it rides. It is imperative that we retain a focus on the optimisation of that infrastructure and enable continued investment in its development. We have seen how the transition from 2G, through to 3G, 4G and 5G have each enabled the development of more and more sophisticated solutions.

The continued development of core infrastructure has to be sustainable, and over the last few months we have begun to see the challenges that the operators that provide it are facing. Both MTN and Airtel have declared significant foreign exchange (FX) losses in Nigeria, and the stress is not linked to them alone. The entire ecosystem is battling with a range of challenges that must be addressed. If we fail to do so, the downstream impact on innovation will be severe. Telecoms infrastructure requires a base level of investment to maintain its current capabilities, and significant additional investment to expand and grow. It is capital intensive and that capital has to be generated through sustainable business models.

At the heart of the challenge the industry faces is the issue of rising costs. Recent financial losses are directly linked to the cost of operating towers that rely on inputs like diesel, which have increased significantly as the Naira has depreciated. The provisions large telecom companies have had to make, and the consequent losses and impact on their reserves is a red flag. It tells us that business as usual is not sustainable. If we continue as we are, then those companies will struggle to continue to invest in and maintain existing services.

But those costs are not the only challenge. General cost inflation, multiple taxation, regular and damaging vandalisation of infrastructure and the costs associated with regulatory compliance all help contribute to the high cost of operations. We cannot continue to follow a path that asks those companies to simply accept those rising costs. It is no longer sustainable, and we have reached an inflection point.

This is a critical moment for the industry. How we approach and resolve it will define the future of Nigeria’s digital economy. If you want to be able to enjoy the benefits that digitisation brings. If we want the infrastructure that enables AI and helps us drive growth, then we must take action now.

Cost-reflective tariffs, like it or not, are simply non-negotiable. We have seen the impact of price controls in other segments of the economy, like power. If providers cannot operate sustainable business models, then they stop investing. When that happens, the existing infrastructure starts to crumble. For power, a consumer can choose to take ownership of the solution by buying a generator, or a solar panel. For fuel, the government can step in as the provider of last resort and manage a subsidy regime that mitigates the impact on the population. Those options are not available in the telecoms sector. There is no self-help solution.

We fully understand and appreciate the financial stress that Nigerians are experiencing today. The cost of living is the single most significant factor in most people’s daily lives. But those people are still able to enjoy the benefits that connectivity brings, at the price they paid before these challenges became so acute. Imagine a future in which the gains of the last twenty years are reversed. Nigeria, and Nigerians simply cannot afford it. The pain that we would feel under those circumstances would be exponentially worse.

We need to find a long-term, sustainable and manageable solution to this problem. Prices will need to rise, but action needs to be taken in a measured way, through sustainable conversations and partnership with the government. It is time to address this head on.

Engr. Gbenga Adebayo is the Chairman, Association of Licensed Telecoms Operators of Nigeria (ALTON)


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LCCI Urges FG to Simplify Trade Procedures to Boost Economy

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The Lagos Chamber of Commerce and Industry (LCCI) has said that the government needs to simplify and harmonize trade procedures and address bottlenecks in order to boost economic growth in the country.

President of LCCI, Mr. Gabriel Idahosa, gave the charge at a Quarterly media briefing on the State of the Economy yesterday in Lagos.

He said that the government has to create an atmosphere that promotes export growth and competitiveness, which is projected to boost export earnings, raise domestic revenue, improve citizens’ welfare, and increase business productivity.

“We recommend that reforms must include simplifying and harmonizing trade procedures as well as addressing bottlenecks such as port logistics, congestion, and transportation costs. This is expected to position the country as the commercial centre of the region and a springboard into regional value chains,” he stated.

On managing the persistent high inflation, the LCCI president said both monetary and fiscal authorities should focus on the factors driving the inflation rates by tackling the supply-side deficiencies instead of focusing too much attention on the demand-side management.

“We urge the Central Bank of Nigeria (CBN) to continue with its foreign exchange (forex) market reforms with intense discipline, as the high exchange rate against the naira is a major driver of the skyrocketing inflation rates.”

Idahosa acknowledged the improvement in the naira exchange rate in the last few days, moving towards the level of N1000 per dollar or lower.

“CBN needs to sustain its policy and regulatory reforms in the FX market, adopt policies that would attract more FX inflow into the economy as well as build market confidence in the performance of the FX market,” he added.

 


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