E-Business
ITU Secretary-General Tasks World Leaders on Broadband Access
Dr Hamadoun Touré, ITU Secretary-General has challenged global leaders to ensure that more than half of all the world’s people have access to broadband networks by 2015, and make access to high-speed networks a basic civil right.
Dr Touré threw down the challenge to politicians, UN agency chiefs and industry heavyweights at the second meeting of the Broadband Commission for Digital Development, which delivered its final outcome report to Ban Ki-moon, the UN Secretary-General in New York.
“Broadband is the next tipping point, the next truly transformational technology. It can generate jobs, drive growth and productivity, and underpin long-term economic competitiveness. It is also the most powerful tool we have at our disposal in our race to meet the Millennium Development Goals, which are now just five years away,” said Dr Touré.
The Commission outcome report, which includes a High-Level Declaration calling for ‘Broadband Inclusion for All’, comprises a detailed framework for broadband deployment and ten Action Points aimed at mobilizing all stakeholders and convincing government leaders to prioritize the roll-out of broadband networks to their citizens.
Recent research suggests a strong link between broadband penetration and economic growth. “In the 21st century, affordable, ubiquitous broadband networks will be as critical to social and economic prosperity as networks like transport, water and power. Broadband will serve as tomorrow’s fountain of innovation. It represents the ripening of the digital revolution, the fruits of which have yet to be invented or even imagined.”
The report was presented to the UN Secretary-General during a side-event held in conjunction with the UN MDG Summit, which is set to begin at the UN headquarters. Receiving the report, Mr. Ban noted the power of technology to inject new impetus into the development paradigm.
“Information and communication technologies are playing an increasingly important role as drivers of social and economic development, but it will take partnerships such as the Broadband Commission to ensure that those technologies live up to their extraordinary potential,” said Mr. Ban.
“The Commission’s report is an important contribution to our efforts to ensure that the benefits of information and communication technology can further the United Nations goals of peace, security or development for all.”
The report stresses the need for leaders to focus on building a ‘virtuous broadband development dynamic’, noting that broadband has the power to “cut a swathe through the silos associated with health, education, energy, transport, the environment and other key sectors.”
It also asks: “What price will be paid in the brave new world of digital opportunity by those who fail to embrace broadband inclusion for their citizens?” – a stark warning in light of huge disparities in broadband affordability worldwide, which means that those who can least afford it pay the most for access, relative to average national monthly income.
While subscribers in the developed world – for example the UK, US, Canada or Australia – pay under 1% of average national monthly income for a fast broadband connection, in many of the world’s UN-designated Least Developed Countries, such as Ethiopia, Malawi or Niger, even a relatively slow broadband connection costs many times an average monthly salary.
Affordability has a clear and direct correlation to take-up, so that while around 30% of people in the highly ‘wired’ countries of Western Europe, Oceania and North America have a broadband subscription, in BRIC countries penetration is modest at around 10%, and in the world’s poorest nations broadband reaches less than 1% of the population.
The Commission outcome report stresses the importance of promoting cultural diversity and multilingualism in the online world. It urges governments not to limit market entry nor tax broadband and related services too heavily, and to ensure ample availability of spectrum to support mobile broadband growth. ITU forecasts a total of 900 million broadband subscribers by 2010 – and predicts that mobile broadband will be the access technology of choice for millions in the developing world, where fixed link infrastructure is sparse and expensive to deploy.
“The new realities and opportunities for digital development must be firmly fixed in the minds of world leaders as a leadership imperative,” says the report, urging leaders to replicate the ‘mobile miracle’ of the first decade of the 21st century in a ‘broadband boom’ that will created shared high-speed resources accessible and beneficial to all.
In a sobering revelation of the evolving threat landscape facing the digital asset ecosystem, blockchain intelligence firm TRM Labs has disclosed that over $2.1 billion worth of cryptocurrency was stolen in the first half of 2025 alone, spanning at least 75 high-profile hacks and exploits.
This staggering figure marks a 10 per cent surge over the previous first-half record set in 2022 and nearly eclipses the total stolen in all of 2024.
But beyond the monetary scale, the report reveals a deeper concern: a growing trend of state-sponsored cyber aggression weaponising crypto assets for strategic and geopolitical purposes.
The most devastating breach to date occurred in February when Dubai-based exchange Bybit lost $1.5 billion—the largest crypto heist in history.
TRM Labs attributes the attack to North Korean state actors, noting that the incident alone accounted for nearly 70 percent of total losses during the period and doubled the average hack size to $30 million.
“The Bybit hack redefined the threat landscape,” the report stated.
“It exemplifies how digital asset theft has transcended criminal opportunism and morphed into a tool of statecraft.”
Indeed, North Korea-linked entities were responsible for an estimated $1.6 billion of the total stolen, further entrenching Pyongyang’s status as the most prolific nation-state threat actor in the crypto sphere.
Yet the menace is diversifying. On June 18, Iranian crypto exchange Nobitex was breached for over $90 million by a group reportedly linked to Israel, Gonjeshke Darande (Predatory Sparrow).
Unusually, the stolen funds were routed to unusable vanity addresses, underscoring symbolic and political motives rather than financial gain.
TRM Labs flagged this as a “disturbing shift,” with digital asset theft increasingly deployed as a weapon in asymmetric geopolitical conflict.
The report also found that more than 80 percent of losses stemmed from infrastructure breaches, including private key theft, seed phrase leaks, and front-end compromises— attacks typically ten times costlier than other vectors.
Meanwhile, DeFi exploits such as flash loan manipulations accounted for 12 percent of losses, reflecting persistent smart contract vulnerabilities despite years of scrutiny.
As digital currencies become enmeshed in global rivalries, TRM Labs warns that conventional cybersecurity approaches are now inadequate.
“Massive breaches, often tied to nation-state operations, require a new defence paradigm,” the firm asserted, urging industrywide adoption of advanced safeguards and cross-border collaboration among regulators and law enforcement.
Corporate Affairs Commission (CAC) has inaugurated the pilot take-off of its new Artificial Intelligence (AI)-powered registration portal.
A statement issued by the commission explained that Malam Hussaini Magaji, registrar-general of the CAC, made the announcement during the 2025 Stakeholders Forum in Port Harcourt.
According to him, “the initiative is a major milestone in Nigeria’s business facilitation drive.”
The Registrar further explained that the upgraded portal marks a complete overhaul of the Company Registration Portal (CRP), saying that it comes with advanced features designed to simplify and speed up business registration.
The new system, according to him, allows for instant name reservation approvals, likening the ease to creating an email account, and stressing that the AI-powered platform could suggest available alternatives to business names and approve them immediately.
Another innovation, he stated, is the ability to register a business using only the National Identification Number (NIN) of a director or proprietor, pointing out that there is an ambitious target of completing business registration and certificate generation within 30 minutes, subject to real-time NIN validation.
Bitget has launched its institutional services in Nigeria, offering fintech companies a robust platform to build innovative solutions on top of Bitget’s suite of institutional-grade offerings.
Gracy Chen, CEO, Bitget, in a statement said, “Our goal is to empower Nigerian businesses to innovate and leverage blockchain for wealth creation opportunities, hence, the institutional services empower fintech leaders with tailored solutions, as the offerings designed to cater for the unique operational needs of institutional clients, enabling businesses to embed trading functionalities like spot and futures markets, wallet management, and more, directly into their platforms.
“The Key services include White-label Broker Services which enabled Fintech companies to deploy customized crypto exchanges using Bitget’s infrastructure while managing branding and users independently. There is also API Solutions that can make the Developers to integrate trading functionality via APIs for spot, margin, and derivatives markets, ensuring fast execution and seamless experiences for end users.”
Chen added, “The ND Broker Model provides clients with complete autonomy over user-facing platforms, offering exclusive front-end flexibility while relying on Bitget for back-end market liquidity. Clients are able to employ Protection Fund and Proof of Reserves of over $600million secured in the Bitget Protection Fund and real-time Proof of Reserves, which gives clients assurance of maximum transparency and security.”
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