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NITDA, NAICOM COLLABORATE TO INSTITUTIONALISE CYBER INSURANCE

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NITDA, NAICOM COLLABORATE TO INSTITUTIONALISE CYBER INSURANCE
AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Information Technology Development Agency (NITDA) is exploring partnership and collaboration with the National Insurance Commission (NAICOM) on how to institutionalise Cyber Security Insurance in the country.


The Director-General of NITDA, Kashifu Inuwa Abdullahi, CCIE who led the Agency’s management team to the Commission on a courtesy visit reiterated the fact that the insurance cover is long overdue, especially as it is virtually impossible for any business to operate without connecting to the internet.


According to Inuwa, almost every adult in Nigeria move around with “a super computer in his/her hand or pockets”, which invariably exposes one to cybercrimes and criminals.


While quoting some reports that the global cyber crime as of 2021 was almost $6TR and projected to grow by 15% year-on-year, the DG said that as of today the figures have increased to about $8TR and will reach $10.5 TR by 2025.
“Cyber crime, if you can quantify it as a nation, will be the third largest economy, and it is bigger than all crimes combined together, in terms of cost”.


“In view of this, we need to institutionalise Cyber Insurance because Nigeria loses about N200B to cyber crime anually, imagine that just 0.0% of the Nation’s Gross Domestic Product (GDP) is worth more than N200B”, Inuwa noted.


Inuwa said “looking at this and the rate services are being digitised, coupled with the push for government digital services as well as COVID-19, the pace we are digitising has been accelerated; the future is therefore arriving faster than expected”.


The DG who emphasised the importance of securing the Insurance, averred that whereas, the commission has the primary mandate of insurance, the Agency also has certain mandates relating to cyber insurance, including development of Information Technology in Nigeria which Cyber Security is an integral part.


The NITDA Boss expressed the hope that once the insurance is gotten, the country will be well positioned to mitigate the recurring losses and the ecosystem as well as the quality of systems in Nigeria will be strengthened and upgraded respectively.


“Achieving this feat will also translate to strengthening developers of systems to up their game, by taking it through series of tests before taking their products to the market”.


“Many countries have institutionalised cyber insurance, Africa inclusive; South Africa, Kenya and Egypt have done so. Looking at our status in Africa as the largest economy and having the most vibrant digital ecosystem as well as the fastest growing digital economy, I think it is the right time for us also to institutionalise Cyber Insurance in Nigeria”, the DG maintained.


The Commissioner for Insurance/Chief Executive Officer of the National Insurance Commission (NAICOM), Olorundare Sunday Thomas who gave a nod to the proposal brought forward by the NITDA DG, noted that he has always been talking to relevant stakeholders to look at the positive side of risks associated with technology.


“Looking at the volume of data that are driven daily, cost associated with data, magnitude and impact of the economy of nations, if there should be any economy that should be more concerned about cybercrime, it should be Nigeria”.


“The more we look forward to using technology to resolve many problems, we must also seize the opportunity to increase our workforce”, Thomas added.


The CFI assured the NITDA team of the Commission’s readiness to partner with the Agency towards institutionalising cyber insurance.


Both teams were unanimous in hitting the ground running as they agreed to create a committee of six members, three from each organisation to ascertain the modus operandi and fashion out the terms of reference.

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I Can Join Sanwolu For Lagos Development Says Jandor

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Hours after the Lagos State Governor, Babajide Sanwo-Olu, extended an olive branch to gubernatorial candidates of opposition parties after the tribunal upheld his election, the standardbearer, Olajide Adediran, popularly called Jandor, has indicated plans to sit and discuss with him on conditions.

Jandor said that the call for unity to move Lagos forward is good for the state considering it’s status but only if Sanwo-Olu provides answers to the questions raised during the tribunal proceedings that were set aside.

The PDP candidate, who disclosed this through a statement released yesterday on its official social media handle, stated that until the conditions were met, he will not sit with the governor to discuss Lagos development.

Jandor added that if the conditions were not met, he would continue to consider the tribunal judgement that favoured Sanwo-Olu as a temporary victory.

“I welcome this call, and I am ready to honour it upon Mr. Sanwoolu’s demonstration of honour and respect for the citizens of Lagos by doing the needful.

“Make public his 1981 Original WAEC Certificate since he deposed under oath in his INEC form EC9 that he sat for GCE O level in that year.

“He must, in a state-wide broadcast, tell Lagosians why the discrepancies in names on WAEC statement of result he presented to INEC and the ones that appear on same 1981 Master list that WAEC tendered at the tribunal, despite same exam number, exam year, exam centres, but different names.

“Explain why you ask your lawyers to oppose our application to do a forensic audit of the WAEC back-end server for further verification.

“I am positive that these are easily doable and won’t take any time at all to effect.

“We must uphold the core tenets of integrity and accountability, especially as people sworn to the service of the public”, he added.

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Oke-Odo Market Shut for Filthy Environment, More to Follow  –  LAWMA

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H


In continuation of its onslaught on filthy markets in the state, the Lagos Waste Management Authority (LAWMA) has shut Oke-odo Market, near Ile-Epo, Abule Egba, for reckless waste disposal and gross environmental abuse.


Managing Director of LAWMA, Dr. Muyiwa Gbadegesin, said the move became necessary, to make them comply with environmental laws and regulations, and to warn defaulting markets around the state, to do the needful or risk a closure. 


He said, “The closure of Oke-odo Market underscores LAWMA’s commitment to ensuring that public spaces meet the required cleanliness standards. We will not compromise on the health and well-being of residents.”


Dr. Gbadegesin emphasised that the decision was a significant stride in LAWMA’s efforts to sanitise the state, ensuring that public spaces are conducive for business activities and safe for all residents, adding that the closure of the market served as a stark reminder that adherence to cleanliness standards was not negotiable.


“This action is part of a broader initiative by LAWMA to create awareness and enforce sanitation regulations across various markets in the state. Markets that do not meet the prescribed cleanliness standards will face similar consequences as Oke-odo Market.

Market operators and stakeholders are urged to take this as a wake-up call to institute robust cleanliness practices within their premises. LAWMA remains dedicated to providing guidance and support to markets striving to comply with the sanitation regulations”, he said.


The LAWMA boss called on residents and business owners to support current efforts of the Authority to establish a more hygienic and livable environment across the metropolis, adding that a clean environment was not just an aesthetic concern but a fundamental aspect of public health. 


He employed the populace to engage the services of assigned PSP operators, instead of resorting to disposing of their waste indiscriminately, adding that LAWMA would not fail to wield the hammer against markets or individuals that flout environmental laws in the state.


For waste management related issues, call LAWMA toll-free numbers: 617 and 07080601020.

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UNICEF Nigeria Raises Alarm Over Unprecedented Diphtheria Outbreak, Urges Urgent Vaccination

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

In the midst of the most severe diphtheria outbreak in recent global history, UNICEF Nigeria is sounding the alarm about the urgent need for widespread vaccination.

The outbreak has so far resulted in over 11,500 suspected cases, more than 7,000 confirmed cases, and claimed the lives of 453 people, mostly children.


Most cases are children aged between 4 to 15 years who have not received even a single dose of the vital vaccine, laying bare the urgency of the vaccination situation in Nigeria.


UNICEF is providing urgent support to the Nigerian government in its efforts to combat the outbreak. A crucial part of this support includes the procurement of vaccines to support the government’s response. So far, on behalf of the government, UNICEF has deployed 9.3 million doses of diphtheria vaccines to affected states including Kano, Bauchi, Borno, Yobe, Katsina, Kaduna and Jigawa. Of these, 4 million doses have been dispatched to Kano, the epicentre of the outbreak. Another 4 million doses of vaccines are being procured and will be handed over to government in the coming weeks.


“The devastating impact of this diphtheria outbreak is a grim reminder of the importance of vaccination. Nigeria is home to a staggering 2.2 million children who haven’t received even a single dose of vaccine – the second largest such cohort in the world. We must collectively take urgent actions to drastically reduce this number.

Every child deserves protection from preventable diseases. This is not negotiable”, said Dr. Rownak Khan, UNICEF Representative a.i.


UNICEF Nigeria calls on partners, stakeholders, and the international community to rally together to ensure that every child in Nigeria is reached with life-saving vaccines.

The children’s agency emphasizes the importance of strengthening routine immunization, community engagement, and health systems to avoid similar outbreaks in the future.


To respond effectively to the outbreak, UNICEF Nigeria needs to raise an additional US$ 3.3 million until the end of the year.

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