News
Experts Suggest Ways to Address Shortage of Skill-set in Cybersecurity

Worried by several reports revealing shortage of skillset in cyber security in Nigeria and other African countries, experts have adduced ways out of the challenge.
In a recent report published by Demadiur and Serianu there are only 3,500 professional cyber security in Nigeria while sub Saharan Africa has 13,500 which are far less of number require by organisations to equip them against cyber-attacks.
More so, Pwc predicted cyber security workforce gap to widen to 1.5 million job openings by 2019, up from 1 million in 2018.
“Your organization simply may not be able to find enough qualified people to help drive a successful cyber security and privacy program,” the report stated.
Dr. Seyi Akinderinde, co-founder and chief technical officer, Digital Encode, told Nigeria CommunicationsWeek that the shortage of skillset in cyber security is not limited to Nigeria alone.
“It is global. I think more can be done by the organized private sector by setting up Cybersecurity training hubs in the computer science departments of universities and polytechnics and encouraging would be graduates to take up the offer,” he said.
Also responding, Jude Ozinegbe, chief operating officer, Vault Bridge, said that Cybersecurity should be infused into Nigeria educational curriculum, from the college to the tertiary levels, “companies and relevant government agencies should encourage hackathons and train IT personnel in various fields of Cyber security”.
On involvement of law enforcement agents in cyber -attacks, Akinderinde, said Nigeria law enforcement has to rise up to the occasion. “There’s need for all round capacity building and development in the areas of cyber -crime and internet fraud. They need to know about the latest tools and techniques in order to combat cyber -attacks.
Ozinegbe advocated for a “Cyber Task Force” made up of highly skilled professionals, perhaps as a unit in the Police Force, DSS and other relevant agencies, who are very involved in forensic investigations, and not “people who assume anyone with an iPhone is a criminal”.
“After setting up and adequately training such personnel across agencies, a massive awareness campaign should be carried out, informing the public on what to do and where to go in the case of a data breach or a cyber-attack.
“This ‘authorized personnel’ can also conduct or supervise period penetration tests for organizations”.
They lso spoke on the erroneous perception of blockchain technology and cryptocurrency. According to Akinderinde, “there is blockchain and there is crypto. People should not confuse both. Blockchain has far more use cases as a decentralized, distributed technology and isn’t limited to crypto. Education is needed because people need to know the difference.
Blockchains aren’t limited to financial use cases. You can have them in supply chain, education, voting, ticketing and in any field you want transparency.”
For Ozinegbe; “Blockchain is the infrastructure on which crypto currency is built, it’s like a highway that caters for all kinds of automobiles: Trucks, SUVs, Sedan, Bikes, name it. A wrong ideology, due to early adopters has made the generality of people think Blockchain and Cryptocurrency are the same, it is like saying, a highway and a car are the same.
“Just as you have different types of automobiles on one highway is how we have different services on the blockchain.
“Today, Blockchain addresses issues related to Fintech – obviously the first application, that’s why it’s very popular in the financial sector.”
News
SERAP Asks Ojulari, NNPC CEO to Account for Missing N500Bn or Face Legal Action

Socio-Economic Rights and Accountability Project (SERAP) has called on Mr. Bayo Bashir Ojulari, group chief executive officer, Nigerian National Petroleum Company (NNPCL) Limited, to provide clarification regarding the missing N500 billion.
According to the World Bank, this sum was not remitted to the Federation Account between October and December 2024.
SERAP is urging accountability and transparency in addressing this financial discrepancy.
SERAP urged Mr Ojulari “to identify those suspected to be involved, surcharge them for the full amount involved, and hand them over to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) for investigation and prosecution.”
SERAP also urged Mr Ojulari “to invite the EFCC and ICPC to investigate the spending and whereabouts of the N500 billion, and to ensure the full recovery and remittance of the money to the Federation Account without further delay.
Last week, the World Bank disclosed that out of the N1.1 trillion revenue from crude sales and other income in 2024, the NNPC only remitted N600 billion, leaving a deficit of N500 billion unaccounted for. The International Monetary Fund (IMF) also recently called for the subsidy removal savings to be transferred to the national budget.
In the Freedom of Information request dated 17 May 2025 and signed by Kolawole Oluwadare, SERAP deputy director, the organisation said: “There is a legitimate public interest in explaining the whereabouts of the alleged missing N500 billion oil money and grave violations of the Nigerian Constitution 1999 [as amended]’
“The country’s oil wealth ought to be used solely for the benefit of the Nigerian people, and for the sake of the present and future generations.”
According to SERAP, Nigerians have the right to know why the NNPCL failed to remit the subsidy removal savings to the Federation Account.
“We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel the NNPCL to comply with our requests in the public interest,” the letter read in part.
“Without the full recovery and remittance of the missing N500 billion of oil revenue, the dire economic situation may worsen and Nigerians will continue to be denied access to basic public goods and services,” it read.
“The Freedom of Information Act, Section 39 of the Nigerian Constitution, article 9 of the African Charter on Human and Peoples’ Rights and article 19 of the International Covenant on Civil and Political Rights guarantee to everyone the right to information on the whereabouts of the missing N500 billion of oil revenue.”
News
Creative Economy Ministry Secures $300M Investments Commitment

Hannatu Musawa, Minister of Arts, Culture, and the Creative Economy, has revealed that the ministry has secured over $300 million in investment commitments.
Musawa disclosed this at the Ministerial Press Briefing Session held on Friday in Abuja.
She emphasised that the government has set a goal of creating at least two million jobs within the creative industry by 2027.
According to her, “In just 18 months, we have secured over $300 million in investment commitments and established innovative funding mechanisms, including the Creative Economy Development Fund (CEDF).
“We have also initiated the development of key infrastructure projects, which are projected to generate at least two million jobs by 2027.”
The Minister further noted that President Bola Tinubu plans to unveil creative hubs across Nigeria’s six geopolitical zones in the coming months, positioning Nigeria as a global hub for creativity.
“Beyond the numbers, we have elevated Nigeria’s global cultural standing while ensuring inclusivity, empowering rural communities, women, and young people to participate meaningfully in the creative economy,”.
The Minister highlighted the significant role the creative economy will play in Nigeria’s future, particularly the music industry.
She pointed out that the government has identified five key segments within the music value chain production, marketing, sales, and others—that can generate over 500,000 new jobs by 2030, representing a transformative opportunity for Nigeria’s economy.
“A key initiative in this drive is the $200 million Creative Economy Development Fund (CEDF), managed by the African Export-Import Bank (AfreximBank).
The fund aims to provide affordable financing to creative businesses and entrepreneurs, empowering them to innovate, expand their operations, and contribute to job creation across multiple sectors such as film, music, fashion, and tourism.
The minister said in addition to funding, the ministry is working on the Abuja Creative City project, which seeks to transform the capital into a vibrant hub for the creative sector.
“This project is expected to foster economic growth, create job opportunities, and showcase Nigeria’s diverse cultural heritage.
The Minister also emphasized the importance of effective policy formulation to foster the growth of the creative sector. Currently, the Ministry is evaluating 49 sub-sectors within the creative industries, with priority given to key areas such as music, film, fashion, art, and gastronomy.
“This targeted approach is aimed at driving sustainable development and further enhancing Nigeria’s cultural and economic standing on the global stage.
“Through these initiatives, the Nigerian government is taking significant steps to harness the untapped potential of its creative industries, paving the way for a more dynamic and inclusive economy.
As part of this effort, the Ministry, in collaboration with the private sector and led by the Nigerian Economic Summit Group, is working on creating a clear policy framework not just for the creative economy but also for the art, culture, and tourism sectors.
The Nigerian government is working on a series of policy reforms National Intellectual Property Policy, which will soon be presented to the Federal Executive Council.
This policy aims to foster industry growth by securing intellectual property rights for creators. Additionally, the government is reviewing key policies such as the National Policy on Incentives for the Arts, Culture, and Creative Economy, which is designed to offer incentives and boost confidence among creative businesses.
Another important update is the review of the 2005 National Tourism Policy, intended to better support the tourism sector, which plays a crucial role in Nigeria’s cultural economy.
The government is updating the outdated 1988 National Policy on Culture and introducing a new Policy on Monetary and Credit Solutions to ensure financial support for creative businesses.
Alongside the Creative Economy Development Fund, these reforms aim to create a supportive environment for the sector to grow and position Nigeria as a major force in the global creative economy.
Musawa also announced the implementation of the Creative Economy Development Fund (CEDF), which aims to provide funding to creative businesses, drive innovation, and create jobs across multiple sectors.
Additionally, a global standard arena is under construction in Nigeria to host major music and cultural events, aligning with the country’s ambition to become Africa’s cultural hub.
News
IFC Invests $5m in Husk Nigeria to Build 108 Solar Mini Grids

Husk Power Energy Systems Nigeria Ltd (Husk Nigeria), a subsidiary of solar mini-grid operator Husk Power Systems Inc., has received a $5 million investment from The International Finance Corp. (IFC), a member of the World Bank Group, with the support of the Government of Canada.

L-r: Ethiopis Tafara, Regional Vice President for Africa, International Finance Corporation (IFC), and Olu Aruike, Country Director, Husk Power Systems, Nigeria during the signing of a $5m investment meant to expand access to reliable, renewable energy in Nigeria through IFC’s $250m DARES platform in Abidjan, Cote d’Ivoire
The financing will support the rollout of Husk’s portfolio of solar hybrid mini grids in Northern Nigeria, helping address one of the country’s most urgent development challenges: access to electricity.
It marks the first investment under the IFC Distributed Access through Renewable Energy Scale-up (DARES) Platform, a $200 million debt facility approved in November 2024 to catalyze private sector solutions across West and Central Africa.
The DARES Platform complements the World Bank-financed Nigeria DARES Project, a $750 million initiative launched in December 2023 and implemented by Nigeria’s Rural Electrification Agency.
Together, these efforts aim to provide over 17.5 million Nigerians with new or improved electricity access through decentralized renewable energy (DRE) systems.
IFC’s financing package will enable Husk to develop and operate up to 108 mini-grid sites, resulting in around 28,750 new electricity connections and delivering clean, affordable energy to around 115,000 people and businesses.
The total project cost is estimated at $25 million. IFC’s $5 million package includes a $2.5 million senior loan from its own account and a $2.5 million concessional subordinated loan from the Canada-IFC Renewable Energy Program for Africa.
The facility is structured as a revolving loan, allowing Husk to repay and redraw funds multiple times during the project’s implementation.
“The DARES Platform is an innovative approach to tackling one of Africa’s most pressing challenges—energy access. By partnering with Husk, a leading renewable energy developer globally, through the first project under the DARES Platform, we are not only addressing the immediate electricity needs of underserved communities in Nigeria but also laying the foundation for a scalable model that can be replicated across the continent,” said Ethiopis Tafara, regional vice president of Africa, IFC.
“This innovative debt facility is exactly what the minigrid industry needs to scale — blended, long-term and affordable capital,” said Manoj Sinha, Husk co-founder and CEO.
“Access to working capital is critical for sustained and rapid growth. Adding 108 new communities to our minigrid portfolio with IFC support is an important step toward our goal of deploying at least 250MW of decentralized renewable energy projects in Nigeria.” said Olu Aruike, Manager, Husk Nigeria.
- Telecom2 days ago
₦800 Billion Infrastructure Plan Set to Boost MTN’s Network Quality Nationwide
- E-Business2 days ago
NITDA, CISCO Empower Youth with Digital Skills
- News2 days ago
Creative Economy Ministry Secures $300M Investments Commitment
- Telecom2 days ago
African Women Hit Hardest as Mobile Internet Gender Gap Persists
- E-Financial2 days ago
Fidelity Bank reclaims trillion-naira market cap as stock rises to ₦21
- General News2 days ago
NITDA DG says its Community IT Centres Should be a Catalyst of Change
- Telecom2 days ago
Remita’s Bold Leap: Nigeria’s Fintech Giant Expands Across Africa
- E-Financial2 days ago
Kuda Co-founder Urges Young Developers to Build Tech with Purpose @NACOSS 2025