E-Business
NaijaSecCon’17: Experts Call For Synergy to Combat Cyber Insecurity

With the growing cyber threats, experts in the field have called for collaboration in intelligence sharing, especially among players in the financial sector as panacea to tackle the challenge.
The experts made the suggestion at the 2017 Cyber security Conference dubbed NaijaSecCon held at Landmark Centre, Lekki, Lagos, recently.
On intensifying awareness, Rotimi Akinyele, the Convener of the conference said the event was a way of proffering solutions to cyber security issues. To that effect, he added that the conference will be a yearly event.
“Everything we are doing has to do with awareness. People invest in cyber solution, buy fireware worth millions, but in the end people need to be aware because there are some basic things which people are not aware. We are starting with awareness, this is going to be a gradual things, it is not just going to be a one-off.
“Yearly we will be organizing this conference and it is going to be bigger. The interesting thing about the programme is that people are willing support. They hold views that what we are doing will change the future of cyber security in Nigeria. The mentality about cyber security is that if there is no strong attack, people will not get serious. We have had regulatory bodies which made it compulsory for financial institutions abide by certain cyber security standards and regulatory framework. As long as the motive is right, the support will be heavily required,” he pointed.
Chinedu Onwukike, Senior Cyber security expert disclosed that the activities of cybercriminals are on the increase despite the existence of several agencies set up to tackle the ugly trend. This he attribute to the dearth of forensic test by the agencies.
“A lot of agencies have been created to tackle cybercrime but nothing serious has been done. There are no forensic tests been carried out, people get away with fraud.
“There have to be collaboration in intelligence sharing by financial institutions to tackle cyber-crimes; this is the practice in advance societies. We have monthly meeting where they threat sharing since they are working in the same ecosystem,” he explained.
In the same vein, Debra Okwuzi, Senior Cyber Security Specialist, emphasized that before embacking on global partnerships, it is imperative to create awareness locally about the fight against the menace.
“There is internal cyber security issues which we need to solve, for instance terrorism. Before talking about the global body, we need to talk about what happens internally. There has to be a lot of synergy on how to address cyber-crimes. Cyber-crime is growing exponentially, the issue has been in the media and this has attracted government attention to pass into a cyber-crime bill.”
As part of the event of the conference, hacking competition tagged ‘2017 Naija SecCon Ethical Hacking Competition was also organized to help discover new talents and innovations. Cyber security Professional, Olofinlade Victor, leader HackerFringer team emerge winner of the contest.
E-Business
Amazon CEO Says AI will Reduce Number of Workers Needed

Amazon’s management on Wednesday said that it expects that artificial intelligence software will reduce the number of office workers at the world’s largest online retailer.

Andy Jassy, chief executive, Amazon
“We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs,” Andy Jassy, chief executive, Amazon wrote in an email to employees.
He said it was difficult to predict how the overall workforce will evolve, but in the next few years, it is expected that AI efficiency gains will lead to a reduction in the number of office workers.
According to earlier reports, Amazon employed around 1.5 million people worldwide, with approximately 350,000 office employees in various roles.
The Wall Street Journal reported that the company does not anticipate further large-scale layoffs, as seen in 2022 and 2023, in the near future.
Instead, it expects that vacant positions will not be refilled.
However, layoffs are not ruled out, according to sources familiar with the matter.
“Amazon is focusing on so-called AI agents, software capable of independently performing tasks. These agents could, for example, summarise information from the web and data sources, write software, translate languages and automate many time-consuming tasks,” Mr Jassy explained.
“Agents will be teammates that we can call on at various stages of our work,” he added, urging employees to experiment with AI whenever possible.
The impact of AI on the job market has been a concern for many years.
Recently, Spotify, the leader in music streaming, announced that teams requesting additional staff would first need to prove that AI could not perform the tasks.
The creators of the language-learning app Duolingo plan to gradually replace external workers with AI.
E-Business
BPP Partners NDPC to Strengthen Data Protection

Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.
He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).
Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.
He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.
“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.
Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.
He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.
“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.
He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.
According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.
Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.
He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).
“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.
Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.
He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.
Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.
Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.
E-Business
FG Mulls Fibre Optic Layout to Bridge Internet Gaps

President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.
His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.
He said the fibre optic layout is part of other projects being embarked on.
“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.
“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.
He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.
In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.
The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.
Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.
It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.
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