E-Business
NITDA Can Finance Nigeria’s Annual Budget- Reps
National Information Technology Development Agency (NITDA) can finance the country’s annual budget if given the necessary environment, according to Wole Oke, chairman, House of Representatives Committee on Public Accounts.
Oke who expressed optimism during the investigative hearing into the queries issued by the office of the Auditor General of the Federation (oAuGF) against NITDA, frowned at the flagrant abuse of the extant financial regulations.
He requested for a brief on the NITDA mandate and progress made so far with the view to the proposed relevant amendment to the NITDA Establishment Act for the smooth running of the agency.
Oke said “Nigerians want to know what you have done with the tax-payers’ money. Nigerians are watching you free of charge; we are not charging you for that. So it’s good PR for you to also market what NITDA is doing.
“People hear about NITDA, NITDA they don’t even know what you stand for. Not many people are aware until a few days, I saw your DG on Channel, some of us don’t even know your mandate. But this is a window for you to showcase what you also do. For Nigerians to also appreciate what you’re doing. The law setting you up is here. And from the information I gathered is that you can actively finance Nigeria’s budget if you’re given the wherewithal.
“The information I gathered is that NITDA alone can finance Nigeria’s budget if they are given the wherewithal, they are supported, they are given the environment to operate that we don’t even need to go borrowing.
“So these are the gains we are taking away. We did not just bring you here. We are very civil here, you elected us, we don’t harass, we don’t intimidate but we work as citizens of this country, and through the medium, you are able to render an account to Nigerians.
“Where you err, we will show Nigerians. Nigerians will know. If you give a contract to any contractor and he or she fails to perform, we will expose the person, okay, so we are not here to witch-hunt anybody. So please calm down and feel free,” Hon. Oke urged.
While responding, Kashifu Inuwa Abdullahi, director general, NITDA, explained that before the advent of NITDA, ICT contributed less than 1% of the GDP, but today contributes more than 14% to the GDP, adding that in 2016 NITDA came up with strategic roadmap framework to transform the ICT sector in line with Economic Recovery and Growth Plan (ERGP).
He argued that the Agency has done so much in terms of “what people are doing with IT and making money. Like in NITDA we are not a revenue-generating organization, we just get levy from certain categories of companies so the money we are getting is small.
“What the chairman said if we can get what we need we can fund Nigeria’s budget. Let me give you an example of the Netherlands. Netherland is not as big as Kano and Jigawa States combined together, in terms of landmass and population but Netherland is using information technology for agriculture.
“What Netherland generated from agriculture export in 2019 was $106 billion while Nigeria generated only six-point something billion dollars from oil and gas.
“So what the chairman was saying is that if we can annex the powers of ICT, we don’t need to bother about any other thing because almost everything we do today is powered by ICT. So we can use ICT to boost our agriculture, our commerce and trading, almost everything.”
He noted that while other sectors of the world economy lost so much during the pandemic, those who invested in ICT were insulated, and “making money. One person, the owner of Amazon made almost $36.2 billion between the middle of March and June.”
The NITDA helmsman explained that the agency generated funds from the 1% levy from national information technology development fund (NITDeF) paid by the IT companies operating in the country and collected by Federal Inland Revenue Service (FIRS).
While responding to question on the alleged exclusion of Sokoto and Zamfara states from the 218 personnel employed in 2018, which the lawmakers argued was in breach of federal character policy, Mr. Inuwa however noted that 3 people were employed from Sokoto State in 2019.
On his part, Hon. Emmanuel Akpan requested for details of how NITDA contributes over 14% to Nigeria’s GDP during the status of an inquiry being initiated by the Committee.
“It will be important for this Committee and for Nigerians to know how much that translate to in naira and kobo that has come into the coffers of the Nigerian government vis-a-vis what you have spent that could have helped in advancing” the funding of the annual budget.
While responding to questions, Mrs. Titilayo Olusanya, NITDA deputy director Finance, explained that both appropriation and IGR for the year 2014 to 2018; audited account and management accounts as well as budget performance for the year under review were submitted for the Committee’s consideration.
She explained that the evidence for the submission of the audited accounts for 2014 to 2018 as well as evidence of remitted of internally generated revenues/operating surplus were part of the documents submitted to the Committee.
While speaking, representatives of office of the Auditor General of the Federation confirmed that the agency had submitted all relevant documents in line with extant financial regulations.
On his part, Hon. Mark Gbillah asked whether there was any value added to the agency sequel to the recruitment of the personnel.
However, while expressing his view, Hon. Oke argued that: “in our national life, sometimes a public organisation we may not relate employment generation to profitability; rather we may relate that to productivity, growth and development. And it was one of the tools that our late sage Chief Obafemi Awolowo deployed in South West.”
Meanwhile, at the investigative hearing held on Monday, Hon. Oke directed the Clerk of the Committee to issue a fresh letter to Standard Organisation of Nigeria (SON) to cause appearance over the non-remittance of audit report since 2015 to 2019.
E-Business
Cybersecurity Firm Warns of Phishing Threats Targeting Telegram Premium
Kaspersky has warned that fake Telegram Premium offers have been spreading globally, targeting users with phishing scams and malware disguised as alternative app versions.
These attacks aim to steal account credentials or compromise devices. The scams capitalise on Telegram Premium’s popularity and gifting feature, making it crucial for users to remain vigilant.
Telegram Premium is a subscription that offers exclusive features, such as faster download speeds, voice-to-text conversion, premium stickers, an ad-free experience, and more. Users can gift a subscription, and scammers capitalise on this gifting feature and the Telegram Premium topic in general.
One of the tricks begins when a user receives a message that appears to come from someone in their contact list, whose account may have been hacked. The message claims: “You’ve been sent a gift — a Telegram Premium subscription”.
Below, there’s a link that looks legitimate but actually redirects the user to a phishing page, prompting them to log in to Telegram. If victims scan the code or enter their credentials, their account is immediately compromised, giving scammers access to their login details, password, and potentially their authentication code.
There are other tricks referencing the Telegram Premium theme, and not all of them necessarily start with messages on Telegram. Attackers may also use other methods to send phishing links, for example, email.
For instance, perpetrators host fake “giveaways” for Telegram Premium subscriptions. Victims are lured into participating, and in a series of steps, they are directed to a phishing site where they are prompted to enter their Telegram account credentials, ultimately resulting in their account being compromised.
Another machination involves cybercriminals sending victims an invitation to download a ZIP archive that claims to contain a version of the messenger service with a “Premium” subscription. The download link redirects users to a phishing page where they are once again asked to log in to Telegram.
Yet another fraud involves distributing malicious software disguised as an alternative version of the Telegram app with a “built-in” Premium subscription. Scammers send victims links to download APK files claiming they are modified versions of the app, but they turn out to be malware.
“Phishing schemes capitalising on the Telegram Premium topic has been observed in several languages, suggesting that the perpetrators operate globally. Even if these scams haven’t yet reached a specific region, there is a probability they could eventually make their way there.
Therefore, it’s always important to remain cautious and skeptical of offers that seem too good to be true. Additionally, make sure your Telegram security and privacy settings are up to date, and your device has a robust security solution,” advises Olga Svistunova, security expert at Kaspersky.
E-Business
FG to Add Iris Biometrics to Digital ID for more Inclusion
National Identity Management Commission of Nigeria (NIMC) has said that it is looking at ways of streamlining and expanding the rollout of digital ID in Nigeria and one of the options on the table is adding iris biometrics to its digital ID enrollment.
Iris biometrics is a biometric authentication technology that uses the unique patterns of the iris to identify a person
The hint was dropped recently by Abisoye Coker-Odusote, director general and chief executive officer, NIMC, during a Digital Public Infrastructure (DPI) Journalism Fellowship training which took place in Abuja.
Speaking through a representative, the NIMC boss said this idea is among a litany of innovations which they are planning to introduce to the digital ID system in order to make it more inclusive, The Sun reports.
At the moment, biometric enrollment for the National Identification Number (NIN) in Nigeria involves face and fingerprints.
Adding the iris modality, according to the official, will make it possible for citizens with disabilities to be equally issued the important credential which is necessary to access a wide range of services in the country.
“We are exploring the use of iris recognition technology to cater to the specific needs of individuals with disabilities,” the representative was quoted as saying. Uganda is one other African country which has announced the addition of iris biometrics to its new generation biometric national ID card.
The NIMC CEO said despite the challenges the ID authority faces, its commitment to build an inclusive ID system and expand coverage remain unwavering.
She emphasized the important of the NIN as an essential tool in getting access to several services.
In order to streamline access to services, Odusote said they have been working tirelessly with their partners to enhance interoperability among government agencies to facilitate identity verification.
This, she says, will save Nigerians the stress of having to register many times with government agencies to obtain services.
The innovations envisaged by the NIMC are part of a broader reforms plan which aims to give the ID authority a new legislative framework for more efficient identity management.
It also comes at a time when the World Bank has extended its support for the country’s digital ID program by another two years, with a target to issue 180 million digital IDs by the close of the extension.
The Nigeria ID4D has pledged in the past to create the enabling environment to the issuance of NINs to persons living with disabilities.
A recent investigative report however suggests that many aged and physically challenged citizens in Nigeria go through tough times seeking the NIN.
Some have reportedly had their SIM cards blocked while others have been locked out of their bank accounts for their inability to register for a digital ID.
E-Business
Kaspersky Reviews Main Business Headache Related to IT Security
According to the recent Kaspersky IT Security Economics report, the majority of companies surveyed globally find the loss of productivity, securing complex tech environments, and enabling data protection to be the most concerning business issues, driven by growing IT security needs and requirements.
The Kaspersky IT Security Economics report is released every year to analyse the changes in budgets, breaches and business challenges affecting IT Security decision makers.
This report is compiled from interviews with IT and IT security professionals from organisations of different sizes and industries. The survey was carried out in 27 countries across Europe, the Asia-Pacific region, Latin America, North America, the Middle East, Turkiye and the Africa (META) region, including in Egypt, KSA, Pakistan, South Africa, Turkiye, UAE.
According to the report, downtime and lost productivity are the most concerning business problems caused by ineffective IT security, an opinion expressed by 38% of companies globally and 34% in the META region. They encounter this problem mainly because of the long-time taken to detect and remediate threats.
Data protection is another important concern that was expressed by 33% of companies globally and 34% in the META region.
Respondents were worried about this because they regularly encountered the physical loss of devices by employees and experienced leakage of data from corporate systems caused by both external and internal reasons.
Securing complex technology environments and ensuring data connectivity were also on the list of key concerns, according to 33% of respondents globally and 26% in the META region.
Among the main IT issues that cause this challenge, respondents pointed to the rising number of incidents involving non-computing connected devices and incorrect operations of cybersecurity solutions that leave systems exposed.
Additionally, difficulties in managing security across different computing platforms play a crucial role in their inability to build a reliable all-encompassing cybersecurity system.
“It is crucial for organisations to safeguard every aspect of their operations from potential breaches. Attackers no longer solely rely on zero-day exploits, as a simple click on a malicious link or a vulnerability in a contractor’s infrastructure can lead to devastating consequences.
“This underscores the idea that information security should be based on a comprehensive and systematic approach, rather than being limited to the implementation of individual point-specific measures,” comments Alexey Vovk, Information Security Director at Kaspersky.
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