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Business

Cybersecurity is everyone’s business – Prof. Danbatta

NCC CEO insists security is not reserved for a group of people, but truly the business of everyone.

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NCC approves 1,492 phone brands, warns consumers against purchasing unapproved brands 

The Nigerian Communications Commission (NCC), has kick started a series of enlightenment and awareness campaign activities for this year’s National Cyber Security Awareness Month (NCSAM), which is usually embarked on yearly in the month of October.

NCSAM global activities is aimed at raising awareness about cybersecurity, and to provide the public with general knowledge and tools required for online safety.

READ: Over 600 masts at the risk of being demolished by NCC.

In the formal commencement ceremony, the Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, reiterated the need for everyone to be cybersecurity-conscious to guarantee online safety for internet users, and not to be exclusively reserved for a certain group of people.

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He further explained that Internet users across all mobile networks in Nigeria currently stand at 149.8 million as of August, 2020, noting that more users are expected online as services in different sectors of the economy are becoming digitalized.

READ: E-Dividend: Over 2.8 million investors enrolled on e-DMMS in Q3’19

The increase in digital financial transactions as currently being experienced for e-commerce activities, calls for greater responsibility on the part of every individual and corporate internet user to protect themselves against cybercrimes. Security is not reserved for a group of people, it is truly everyone’s business; bringing competence and knowledge to help build a safer and more inclusive information society.

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READ: N4.16 billion unpaid lottery revenue recovered by EFCC

According to Danbatta, “To keep the genuine individual and corporate Internet users safe, the NCC, as regulator of the telecom sector, annually joins the rest of the world to create a lot of enlightenment around cybercrime in the month of October every year. We ensure that consumers are empowered through awareness and sensitization campaigns, by providing information on both the positive and negative potentials available online, and measures required to safeguard themselves and their loved ones.”

READ: De facto Government: CBN explains why it will keep funding the economy

The EVC/CEO restated the avowed commitment of the Commission to continually embark on policy initiatives to enhance online security, as well as educate and equip the consumers of telecom services with information they need to be protected online.

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Johnson is a risk management professional and banker with unbridled passion for research and writing. He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM). He is currently pursuing his PhD in Risk management in one of the top-rated universities in the UK.

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    Business

    FG to commence construction of 4 new rail projects across the country

    The listed rail line projects include Ibadan-Kano, Port Harcourt-Maiduguri, Kano-Maradi and Lagos-Calabar rail lines.

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    Rotimi Amaechi, Minister of Transport, Nigerian railway contract with CCECC and CRRC, China Civil Engineering Construction Corporation, Chinese Railway Rolling stock Corporation

    The Minister of Transportation, Rotimi Amaechi, has said that the Federal Government is about to commence 4 new rail line projects in various parts of the country.

    The listed rail line projects include Ibadan-Kano, Port Harcourt-Maiduguri, Kano-Maradi and Lagos-Calabar rail lines.

    This disclosure was made by Amaechi while speaking at the annual ministerial press briefing on programmes, projects and activities of the Federal Ministry of Transportation and its agencies on Friday in Abuja.

    READ: FG to fully launch E-ticketing platform for NRC next week

    What the Minister of Transportation is saying

    Although the Minister announced that the Federal Government was about to start the rail lines project, he was not specific on the exact dates the projects would start.

    Amaechi, in his statement, said, “We have awarded the following contracts and we are about to start and we have even tried to solve the financial problems. This is because we have the problem of having to hire consulting engineers.

    READ: $2 billion Kano-Maradi rail would be completed in 36 months – FG

    “The ones we are about to start include Ibadan to Kano, we are waiting for funds from China. We are about to start Port Harcourt to Maiduguri, we are waiting for the cabinet to approve consulting shares. We are also to start the Kano-Maradi and Lagos to Calabar.

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    “But one thing that is unique about these contracts is that the president early enough directed that all rail lines must stagnate at the seaports.

    “That is why there may be a bit of adjustment in the pricing of Kano-Maradi because we have to adjust it to link up to Kano-Lagos so that it can terminate at Lagos seaport.’’

    The Minister pointed out that the 185.5km Lagos-Ibadan double standard gauge line with extension to Apapa seaport was nearing completion, while the 186km Abuja-Kaduna and 302km Warri-Itakpe standard gauge lines had been completed and were functional.

    READ: FG urges contractors to complete Ebute Meta–Apapa seaports railway extension by January 2021

    What this means

    • The various rail line projects are part of the ambitious plan by the Federal Government to create a nationwide rail network that is intended to help in the country’s diversification efforts, away from crude oil.
    • Some of these rail projects will also help to decongest the Apapa ports in Lagos and serve as a route for the import and export of goods in the West African sub-region.

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    Business

    Customs Tin-Can Island Command generates N112.7 billion in Q1 2021

    This is a N21.1 billion increase in revenue compared to a revenue of N91.6 billion in Q1 2020.

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    The Nigerian Customs Service revealed that its Tin-Can Island Command has a first-quarter revenue of N112.7 billion in 2021. This is a N21.1 billion increase in revenue compared to a revenue of N91.6 billion in Q1 2020.

    This was disclosed by Mr Mba Musa, Customs Area Controller, in a statement on Friday.

    “The comparative analysis of quarter one revenue collection from 2018 to 2021 are as follows: in 2018, N76,789,721,107.42; in 2019, N78,857,106,168.27; and in 2020, N91,635,998,490.73,” the customs boss said.

    READ: Customs revenue rises by N200 billion to hit N1.5 trillion in 2020

    “This improvement is despite the twin threat to lives and livelihood posed by the COVID-19 pandemic. The command has inspired their officers to continue to work hard while observing all the safety measures to achieve the best of performance.

    “We kept our lines of communication open and concerted effort was made to ensure that the supply chain is not disrupted,” he added.

    READ MORE: Customs officers must declare their assets annually – Customs boss

    What you should know: The Nigeria Customs Service (NCS) generated a revenue of N1.5 trillion for the year 2020, a rise compared to N1.3 trillion in 2019.

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