Nigeria loses about N78 billion yearly to cyber crimes, the Minister of Communications, Adebayo Shittu, has said.
Shittu said financial institutions, government ministries, departments and agencies (MDAs) as well as their affiliates have become targets for people who engage in cyber crimes.
The minister spoke in Abuja on Monday at the opening ceremony of a five –day capacity enhancement and sustainability workshop for Africa centres for excellence organized by the National Universities Commission (NUC).
Shittu said his ministry had submitted recommendations to the government on how to tackle cyber crimes.
“It is also note worthy to mention here that Nigeria currently loses about 78 billion yearly to activities of cyber criminals whose major targets are the financial institutions, and the government ministries, departments and agencies (MDAs) as well as their affiliates,” he said.
Shittu said that President Muhammadu Buhari is planning to lay the foundation for sustainable growth of the education sector by improving upon the quality of education in Nigerian universities.
He said: “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.
“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 address, Minister of Education, Mallam Adamu Adamu, said that the 10 Africa Centers of Excellences have boosted the image of Nigeria’s higher education.
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