Business
‘Nigeria loses over N78b annually to Cyber crimes’
Nigeria’s Minister of Communications, Adebayo Shittu has disclosed that the country loses over N78 billion yearly to cyber crimes.
The Minister gave this hint on Monday at the opening of a five-day capacity enhancement and sustainability workshop for African Centres of Excellence organised by the National Universities Commission (NUC).
According to him, financial institutions, government ministries, departments and agencies (MDAs) have become targets for people who engage in cyber crimes in recent times, a development, he said is serious cause for concern.
Shittu said that President Muhammadu Buhari, through his 2016, was planning to lay the foundation for sustainable growth of the education sector by improving upon the quality of education in Nigerian universities.
“In line with the present government’s decision to build upon existing infrastructure, President Buhari is planning to lay the foundation for sustainable growth of the education sector and to improve upon the quality of education in Nigerian universities,” he said, adding: “This is evident from the percentage that has been earmarked for education in the 2016 budget of change. This percentage for education in the 2016 budget proposal reveals the administration’s commitment to the improvement of the standard of education.”
In his own remarks, Minister of Education, Mallam Adamu Adamu, said that the ten Africa Centers of Excellence have boosted the image of Nigeria’s higher education.”These 10 Africa Centres of Excellence in the country have boosted the image of Nigeria’s higher education and they are making our universities look and sound even more competitive,” he said.
The Federal Government, he further assured, ” will continue to provide a conducive environment and a level playing ground for all Nigerian universities to develop since all our universities are producing graduates for the same labour market.”
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