The United Kingdom is working with Nigeria to tackle increasing cybersecurity threats and strengthen the country’s digital resilience.
This effort was emphasized during a roundtable discussion for stakeholders held by the British High Commission in Abuja.
Mark Smithson, the Country Director for the UK’s Department for Business and Trade (DBT) in Nigeria, emphasized the crucial role of collaboration in combating cybercrime. He remarked, “The roundtable highlighted the significance of working together and sharing information to develop a unified strategy for addressing Nigeria’s cybersecurity issues.”
The event highlighted significant weaknesses in Nigeria’s cybersecurity framework and proposed strategies for addressing cyber threats. The UK is dedicated to this partnership by utilizing its expertise to improve cybersecurity policies and solutions, while also promoting collaboration between the public and private sectors.
Kashifu Inuwa Abdullahi, the Director General of the National Information Technology Development Agency (NITDA), highlighted the significance of collective responsibility. He stated, “We need to work together to actively protect our digital sovereignty, secure vital information assets, and create a robust and safe future for everyone.”
Key players in the financial sector emphasized the pressing need to tackle these issues. Haruna Jalo-Waziri, CEO of the Central Securities Clearing System (CSCS), pointed out the significant number of cyberattacks targeting Nigerian businesses, especially in the finance sector. He underscored the importance of fostering a security-first mindset.
“Tackling these threats necessitates a security culture grounded in ongoing education and awareness,” he stated.
Jude Chiemeka, the CEO of Nigerian Exchange Limited, cautioned about the economic dangers associated with cybercrime. He referenced a 2021 report that revealed Nigerian banks incurred losses of N14.65 billion due to electronic fraud, marking a 187% rise from the previous year. Chiemeka emphasized the need for prompt measures, stating, “These threats could hinder Nigeria’s goals of becoming Africa’s digital leader.”
The roundtable ended with a recommendation for collaboration across industries, enhanced cybersecurity awareness, and the formulation of policies aimed at safeguarding Nigeria’s digital future
