Expert Urge Government to Invest More in IT Sector

An Information Technology Compliance and Operation Risk Analyst,Toyin Victor-Mgbachi has called on Government to deepen investment in information technology in other to stay relevant in the global economy. She said, “There’s a need to foster a culture of continuous learning and professional development within the industry which is crucial to strengthen IT in the country. Government’s support through investment in research and development will help the nation to stay at the forefront of technological advancements.”

She further advised government bodies to support the IT industry by establishing clear and comprehensive regulatory frameworks that will put the nation in proper perspective in Africa and globally as far as technology is concerned. Emphasizing that providing well-defined standards and guidelines for IT risk management practices can create a common foundation for organizations.
“This clarity not only helps businesses align with industry best practices but also enhances the overall security posture of the nation’s digital landscape.” She added.

Further insights shows that government can incentivize organizations to invest in robust cybersecurity measures and risk management practices. Noting that this can be achieved through tax credits, grants or other financial incentives that encourage businesses to adopt and maintain high standards of information security.

Financial support for training programs and certifications can also contribute to building a skilled workforce within the industry adding that supporting research and development initiatives is another critical role that government can play.

“Investing in technological advancements and innovation in the field of cybersecurity and risk management can position the industry at the forefront of emerging challenges. Government funding for research projects and innovation hubs can stimulate the creation of cutting-edge solutions that benefit both the private and public sectors.” She concluded.