President Buhari Calls For Cyber Space Regulation

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Dubai: President Buhari Calls For Cyber Space Regulation

By Olabisi Olaleye

President Muhammed Buhari has tasked nations to regulate the cyber space in order to avoid constant threat that it faces regularly.

Speaking at the 2019 Annual Investment Meeting (AIM) in Dubai on Monday, President Buhari said a certain level of regulation was needed to preserve the integrity of the digital economy.

Themed: ‘Mapping the Future of Foreign Direct Investment: Enriching World Economies through Digital Globalization,’ the Nigerian leader decried the use of the cyberspace to manipulate elections, subvert democratic rights of citizens as well as propagate violence.

The President announced that Nigeria was working on creating the largest digital database in Africa, with over 30 million Nigerians and legal residents already captured in the country’s digital identity system.

And that Nigeria has taken the lead in cyber policing in West Africa, working with regional and global partners.

While lamenting the steady rise in fake news and cybercrimes, particularly when platforms are hijacked and manipulated by criminals, President Buhari, advocated for collective efforts led by both public and private sector leaders to address the emerging threats of digital globalisation.

President Buhari tasked world leaders to come up with proposals to create a digital world that is accessible, inclusive and safe to all.

He maintained that digital globalisation is transforming the world almost every day with innovations and transformative ideas,

‘‘Today, we have a cyber-world that is intangible but real. This borderless world is powerful, and it impacts the lives of billions of people, no matter how remote their physical locations are.

‘‘People work in it. People socialise in it. And people invest in it. This presents enormous opportunities. But it also remains a constant threat if left unregulated.

‘‘On the one hand, it has made the human race more productive and more efficient. Today, we have digital banking, virtual currencies and many social platforms that connect people and cultures.

‘‘More recently, we are also witnessing the use of the cyberspace to manipulate elections, subvert the democratic rights of citizens as well as propagate violence.

‘‘In effect, the digital world has become the new frontier for both good and evil. Therefore, the challenge for world leaders must be to ensure that this space is inclusive, accessible and safe,’’ the President told the ninth edition of AIM, attended by world leaders in both the public and private sectors.

The President used the occasion to reflect on the digital revolution in Nigeria, buoyed by impressive statistics on mobile phone penetration, technology hubs and the advent of young entrepreneurs attracting investments of over 100 million dollars to the country, saying.

‘‘In Nigeria, our mobile phone penetration exceeds 80 per cent. This means the majority of Nigeria’s one hundred and ninety million citizens are fully connected to this new digital world; especially our youth.

‘‘Sixty-five per cent or 117 million Nigerians are under the age of 25 years. These bright minds are the drivers of this emerging digital sector.

‘‘Today, Nigeria has close to 90 technology hubs and every day, new ones are coming up and they are all developing solutions for Nigerian, and indeed global problems.

‘‘Already, these young entrepreneurs have attracted investments of over one hundred million dollars. A sizeable amount from overseas including Silicon Valley.

‘‘As many of you from this region are aware, Nigerian start-ups always have a very impressive outing at the Gulf Information Technology Exhibition (GITEX). Many have won prizes, ’’he said

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