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Digital Economy and Cybersecurity in Nigeria: Policy Implications For Development

Digital Economy and Cybersecurity in Nigeria: Policy Implications For Development
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Author(s): Henry Chima Ukwuoma (National Institute for Policy and Strategic Studies, Kuru, Nigeria), Ifeanyi Solomon Williams (National Institute for Policy and Strategic Studies, Kuru, Nigeria) and Ibrahim Dinju Choji (National Institute for Policy and Strategic Studies, Kuru, Nigeria)
Copyright: 2022
Volume: 13
Issue: 1
Pages: 11
Source title: International Journal of Innovation in the Digital Economy (IJIDE)
Editor(s)-in-Chief: Ionica Oncioiu (European Academy of the Regions, Belgium)
DOI: 10.4018/IJIDE.292489

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Abstract

The COVID-19 pandemic has resulted in the urgent need for the Nigerian Government to embrace digital economy at all cost. Countries with digitised economy have been able to easily adopt to the challenges that the pandemic has brought, such as eLearning for the education sector and e-business for the business sector. Although, this innovation comes along with a lot of cyber-attacks by cybercriminals resulting for the need to establish adequate cybersecurity measures. Nigeria has gravely felt the impact of the COVID-19, businesses have been shut, countries have shut their borders, thus making it impossible for Nigerian Government/Businesses to access other country's products most especially China. The paper reviews the digital economy of some developed nations and their cybersecurity measures to sustain this innovation. The study further highlights how digital economy has contributed to the Gross Domestic product of most Nations, thus serving a means of diversification for most nations.

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