Lagos Unveils Cybersecurity Guidelines As Nigeria Loses N250b Annually

As Nigeria loses over $500 million, approximately N250 billion annually to cybercrime, the Lagos State government at the weekend released a set of Cybersecurity guidelines, a strategic framework designed to enhance digital safety for businesses, public institutions, and residents.

The state government, in a statement signed by the commissioner for Information and Strategy, Mr Gbenga Omotoso, said the development represents another decisive step in Lagos’ mission to become a smart, secure, and globally competitive digital hub.

He said, “As Africa’s fastest growing technology ecosystem—home to thousands of enterprises—Lagos faces increasing exposure to cyber risks. The National Information Technology Development Agency (NITDA) estimates that Nigeria loses over $500 million (approximately N250 billion) annually to cybercrime, underscoring the urgency for stronger, coordinated security measures.

“The guidelines note that while Lagos is rapidly evolving into a smart city, this progress brings heightened vulnerability to cyber threats.

Omotoso explained that the guidelines are aligned with key national frameworks, including the Cybercrime Act (2024), the Nigeria Data Protection Act (2023), and the National Cybersecurity Policy and Strategy (2021).

According to him, the document emphasises that the recommendations are not regulatory mandates but tools designed to empower stakeholders with practical, context-specific guidance.

He reaffirmed the state government’s commitment to fostering a secure digital environment that promotes innovation, investment, and public trust.

“The guidelines further strengthen Lagos State’s leadership in advancing digital trust and building a resilient, future-ready digital economy,’’ he said.

The government praised the Lagos State Cybersecurity Advisory Council, chaired by Prof. Fene Osakwe, for its strategic leadership and technical expertise in developing the framework.

Special recognition was also extended to the Commissioner for the Ministry of Innovation, Science and Technology, Mr Tubosun Alake whose vision and support were instrumental in driving this initiative, saying the guidelines underscores Lagos State’s unwavering dedication to safeguarding digital assets, enhancing public, private collaboration, and ensuring that every organisation—from sole proprietorships to multinational corporations—can operate confidently in a secure digital environment.