GistMore.com

The National Information Technology Development Agency, NITDA, said yesterday, that Nigeria loses about N3.133 trillion to cybercrime and foreign software annually. Pantami Director General of the agency, Dr. Isa Ibrahim Pantami, who disclosed this at a stakeholders engagement on Nigerian Software Testing Guidance, NSTG, and the Guidelines for Information Systems Audit, GITA, in Abuja, also said N127 billion is lost to cybercrime annually due to the nation’s inability to adequately secure information systems.

He said to guarantee safe delivery of services, it has become imperative to secure Nigeria’s information system. said there was urgent need to continually protect the country’s information systems from being compromised. He said: “There is urgent need to continually protect the country’s information system from being compromised. Today, most business processes are carried out electronically, and large amounts of information are stored, processed and transmitted over IT networks, which means businesses, administrations and citizens depend on proper operations of the information technology used.

Nigeria loses about N127 billion to cybercrimes yearly. This is caused in part by our inability to adequately secure our Information Systems, IS. Therefore, securing our IS is a must, if we want to guarantee safe delivery of our services.” Pantami, who deplored the huge loss by the country, noted that the indigenous software market in Nigeria loses about $10 billion (N3.06trn) annually to stiff competition from foreign off-the-shelf software used to meet local needs, where indigenous software could have provided the appropriate solutions.

“Our indigenous software market has not been left out of the challenges of growth trend with stiff competition from foreign software. This trend has affected the growth of the local software sector, which is now in excess of $10 billion, if well harnessed. “The importance of software testing cannot be overemphasised in today’s rapidly growing technological environment as the global IT industry may reach $5trillion this year,’’ he said.

In line with the federal government’s effort to ensure that government services go online and digital, Pantami said NITDA came up with two regulatory guidelines, NSTG and GISA, for professional inputs of stakeholders with the aim of arriving at a joint and successful implementation of the drafts.

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See more here; http://gistmore.com/nigeria-loses-n3-133trn-to-cybercrime-annually-nitda-dg

Ok...

So how much do we lose to physical and korokoro crimes and armed/unarmed robbery by our politicians and all?

Sum them all up together and give us a figure

Or rather gain that into the economy from away cyber crime matches....

Boys wey dey collect from foreign currency this idiot is here saying nonsense because of the trending news about internet fraud from Gboys

How much did Nigeria lose to political desperadoes, public office mismanagers, government contractors and treasury looters?
They will not say

How much do we loose to Yahoo yahoo politicians yearly? It will shock you

daddytime:
Ok...

So how much do we lose to physical and korokoro crimes and armed/unarmed robbery by our politicians and all?

Sum it all together and give us a figure

NITDA is in charge of ICT in Nigeria, they have given their figures based on ICT crimes.... How will you expect them to give stats for robbery....

Alejoas:

Did he mean to say that Yahoo Boys bring that much into the country? Holla for your powerbanks need

I Don't Believed This

More than that amount

Banks cyber crime charges are not included.. Like charging you monthly for Atm you never used, charging for monthly sms of non existing number.

and how much is gained via foreign exchange





yahoo lawon oremi

Which cyber criminals take the money? Na APC politicians thief the money

Wow! That's a huge sum. If American banks can be targeted successfully, then Nigeria Banks will be a walk in the park for them. They should invest more on defense infrastructure for their online assets.





I need a smart local travels and tours blogger. Kindly message me.

EFCC please put in more effort to the great works you guys are doing presently.

Nigeria must be great again.

Whose fault

I must quickly put my thoughts to words on this. The Nigeria government is not and has not been serious with fighting cybercrime. They are just looking around for boys without some strong pedestal to fight their case. How can they when they're part of the problem? As much as I hate to admit, every young graduate in Nigeria is currently a potential Yahoo boy. It's a fact they well know and could surmount. Little wonder why they harass anybody they find with some shoe, jean and a phone. The country is hard as it already is and the present government should do all within her powers to restore the people's confidence in Nigeria.

I do not believe that is true,
In fact it's a lie

no b politician steal those. money ni
its not common for yahoo boys to scam Nigeria,they do scam the white

How much do we lose to politicians annually

Na wa oOo.

do we loose this amount to cyber crime or our polithiefcian?
the more reason efcc has no other job than chase after yahoo boys (this is not in support of the "G BOYS" while those laundering our money and image are walking freely on the street.

daddytime:
Ok...

So how much do we lose to physical and korokoro crimes and armed/unarmed robbery by our politicians and all?

Sum it all together and give us a figure

Benin man

hmmm

Na lie joor

Might probably continue with the level of unemployment in Nigeria.

Meanwhile I have Plots of Land for sale at Ibeju-Lekki.

Ok

Lol