Nigeria Partners with World Bank on Cybersecurity

The Nigerian government has partnered with World Bank to strengthen Cybersecurity due to the rapid growth of its digital economy.

Nigeria’s Minister of Communications and Digital Economy, Prof. Isa Pantami, made this known at the opening of the Cyber-security Stakeholders’ Capacity Building Workshop on Tuesday in Abuja, Nigeria’s capital.

The two-day workshop organised by the Federal Government of Nigeria seeks collaboration with stakeholders in the industry that will contribute meaningfully to forge ahead in the Cybersecurity space in Nigeria.

The Minister noted that the ever-evolving world of technology and cyber threats have become a constant threat to businesses and organisations worldwide.

“It is important to note that Cyber-security is a global issue and collaboration between organisations is essential to combating cyber threats.

Professor Pantami who noted the rapid growth of Nigeria’s digital economy said: With that growth comes the need for heightened Cyber-security measures and robust partnerships like the one with the bank.

“Cyber-attacks in Africa have increased by 300 per cent over the last year alone.

“This trend is particularly worrisome given that Africa’s digital economy is on the rise.

“The World Bank has predicted that Africa’s digital economy could be worth $180 billion by 2025, representing a significant opportunity for growth and development across the continent.

According to Prof. Pantami, “It aligns with our National Digital Economy Policy and Strategy, which identifies Cyber-security as a priority area.

“Our strategy aims to build a digital economy that is safe, secure, and resilient.

“The National Digital Economy Policy and Strategy is focused on eight pillars, and one of them is developing a robust digital infrastructure.”

The Minister assured that the government is committed to building resilient Cybersecurity, hence the development and review of the National Cyber-security Policy and Strategy in 2022.