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FG Says Revised STI Policy will Transform Ecosystem for Socio-economic Development

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Dr. Olorunnimbe Mamora, the Minister, Federal Ministry of Science, Technology and Innovation, STI, has stated that the newly approved 2022 Revised Science, Technology and Innovation Policy when fully implemented, will completely transform the Nigerian STI ecosystem as it will provide the appropriate channel for fundamental re-orientation for the socioeconomic development that will usher Nigeria to its rightful place among the comity of nations.

Momora stated this at the ongoing 7th Edition of the Science, Technology and Innovation Expo 2023, held at the Eagle Square in Abuja.

He noted that over the years, Nigeria as a Country has shown signs of great future with the utilization of Science, Technology and Innovation as the catalyst for development of its abundant natural and human resources.

He said that countries that have made significant progress towards sustainable economic development, owe their success to significant investments in STI, which ensures uninterrupted increase in productivity and possibility of equitable and sustainable industrial development.

The Minister pointed out that Science, Technology and Innovation are the foundation and propelling force for industrial leadership of nations and business entities as well as economic success on the global map.

He stated that the importance of STI all over the world cannot be overstated saying that it is based on this premise that the choice of the theme of this year’s Expo “Actualizing Effective Diversification of Nigeria Economy through Science, Technology and Innovation” was hinged.

He said that the gathering of Scientists, Researchers, Inventors, Innovators, Investors Entrepreneurs, and citizens of Nigeria, would provide the opportunity to set the path of economic greatness in the country.

According to him developing the country’s technology sector  must be supported by a conducive working environment that encourages the application of the skills acquired through STI.

Using the experiences of Japan and a few other South East Asian nations, Mamora they are very instructive in this regard, as they dedicate huge investments to the R&D sector of their economies, and the resultant effect could be been seen in their economic growth and development in the world today.

He explained that, “As part of the Federal Government’s resolve to effectively deploy STI in the diversification of the nation’s economy, the current administration at the Techno Expo 2021, declared that a minimum of 0.5% of the nation’s GDP would be dedicated to Research and Development that would guarantee improved productivity and sustainable industrial development of Nigeria.

“This is a great landmark achievement for Nigeria’s STI Ecosystem. Major stakeholders have since commenced work on strategies for attaining the implementation of 0.5 percent of the Gross Domestic Product (GDP) for improved R&D in the country towards meeting industrial and economic demands.”

Also the Minister of State Ministry of Science, Technology and Innovation, Henry Ikechukwu Ikoh stated that government cannot do all to develop a nation, as it needs the support of its citizens, their hard work, creativity and collaboration to grow the country.

Ikoh assured that government has always put in to consideration ways to ease the burden of Research and Development to enable growth of the sector and country.

He also commended the tireless efforts of Management and staff of the Federal Ministry of Science, Technology and Innovation, and the Planning Committee for putting together the Expo.


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Toll Collection on Lagos-Calabar Highway Begins December

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Senator David Umahi, the Minister of Works, has announced that a section of the Lagos-Calabar Coastal Highway will be tolled starting in December.

Umahi disclosed this during an interview for a forthcoming State House documentary marking the second anniversary of President Bola Tinubu’s administration.

He said: “By December, we will toll Section 1 of the Lagos-Calabar coastal highway. We project a 10-year return on investment.

“The road has solar-powered lighting and CCTV infrastructure, and offers carbon credit advantages.

“It is more than a road; it is an economic corridor and a catalyst for regional growth.”

According to the minister, 30 kilometres of Section 1 have already been completed, with an additional 10 kilometres in Section 2 nearing delivery. Both segments feature six-lane concrete-paved carriageways, designed to meet modern standards for safety and durability.

Umahi further revealed that construction had commenced on Sections 3 and 3B of the highway, spanning a total of 65 kilometres, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom.

He described the positive response from local communities as a clear indication of the project’s wide-reaching socioeconomic benefits.

“Just days ago, we flagged off Sections 3 and 3B—65 kilometres in total, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom. The host communities’ excitement speaks to these projects’ transformative impact,” he said.

Umahi also highlighted the administration’s renewed focus on the Sokoto-Badagry superhighway, which he noted was part of a broader vision dating back to colonial-era trade plans.

“The Trans-Saharan trade route dates back to colonial-era planning. President Tinubu is now bringing these long-abandoned visions to life,” the minister explained.


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Kaspersky Uncovers Dero Crypto Miner Spreading via Exposed Container Environments

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Kaspersky Security Services experts have identified a sophisticated cyberattack campaign targeting containerized environments to deploy a miner for the Dero cryptocurrency.

The attackers abuse exposed Docker APIs — parts of Docker, an open-source container development platform. In 2025, there are a significant number of Docker API default ports that are insecurely published, accounting for almost 500 occurrences worldwide on average each month.

In the discovered campaign, cybercriminals inject two types of malwares into the compromised systems: one is the miner itself and the other is a propagation malware that can spread the campaign to other insecure container networks.

Kaspersky experts discovered this malicious campaign as part of a compromise assessment project. According to expert estimates, any organisation that operates containerized infrastructure — while exposing Docker APIs without robust security controls — can be a potential target. These may include technology companies, software development firms, hosting providers, cloud service providers and more enterprises.

According to Shodan, in 2025, there are 485 published Docker API default ports¹ worldwide each month on average. This figure illustrates the campaign’s potential attack surface by tallying the “entry points” — or insecurely exposed ports that attackers might target.

Once attackers identify an insecurely published Docker API, they either compromise existing containers or create new malicious ones based on a legitimate standard Ubuntu image. They then inject two malware types into the compromised containers: “nginx” and “cloud”.

The latter is a Dero cryptocurrency miner, while “nginx” is a malicious software that maintains persistence, ensures execution of the miner and scans for other exposed environments. This malware allows attackers to operate without traditional Command-and-Control (C2) servers; instead, each infected container independently scans the Internet and can spread the miner to new targets.

“The campaign has the potential for exponential growth of infections, with each compromised container acting as a new source of attack, if security measures are not immediately put in place in the potentially targeted networks,” explains Amged Wageh, an incident response and a compromise assessment expert at Kaspersky Security Services.

“Сontainers are foundational to software development, deployment, and scalability. Their widespread use across cloud-native environments, DevOps, and microservices architectures makes them an attractive target for cyber attackers. This growing reliance demands organisations adopt a 360-degree approach to security — combining robust security solutions with proactive threat hunting and regular compromise assessments”.

The attackers embedded the names “nginx” and “cloud” directly in the binary — an inflexible executable file composed of instructions and data for the processor, not for humans. This is a classic masquerading tactic that lets the payload pose as a legitimate tool, trying to deceive both analysts and automated defenses.


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Manager, Others Arraigned for Allegedly Hacking into Premium Trust Bank’s Server

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Economic and Financial Crimes Commission (EFCC), on Tuesday, charged five defendants before a Federal High Court in Lagos for allegedly hacking into the server of Premium Trust Bank.

Manager, Others Arraigned for Allegedly Hacking into Premium Trust Bank’s Server

The defendants are listed as the bank’s e-payment service manager, Matthew Adeniyi; Kehinde Odeyemi, a nursing mother; Samson Latshin, Bolaji Omotosho and Sunday Okunnola.

They were charged before Justice Alexander Owoeye, on a six-count charge bordering on conspiracy, cybercrime and unlawful access to the bank’s database.

They, however, pleaded not guilty to the charge.

Mrs. Zeenat Atiku, prosecutor, alleged that they committed the offence between April and May this year, in collaboration with three others, now at large.

Those still at large are Isa Ismaila, Victor Joshua, also known as ‘Oracle’ as well as one other, simply identified as Humble.

According to the charge, the first defendant unlawfully disclosed sensitive credentials, including the bank’s server IP and domain details, to these parties.

She said this enabled an unauthorised access to the bank’s database and the consequent data breach allegedly resulted in financial gains of $10,000.

The prosecutor also alleged that the defendants attempted to intercept the bank’s network and procured a Hewlett-Packard ProBook 440 G9 laptop (serial No. SN#5CD2473N6G) configured to bypass the bank’s security systems.

The anti-graft agency said the alleged offences contravened the provisions of sections 12(1)(b), 27, 28(1)(b)(c) and 28(3) of the Cybercrimes (Prohibition Act, 2015 (as amended in 2024).

Following their pleas, the prosecutor, requested for a trial date and sought an order to remand the defendants in custody.

Meanwhile, the court declined an oral bail by the defence counsel and directed that a formal bail application be filed.

He adjourned the case until June 30, for trial and ordered that the defendants be remanded at the Nigerian correctional centre, pending bail.

The court, however, added that the defence may apply for an earlier trial date, upon filing their bail applications.

 


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