Countering cybercrimes as the strategy of enhancing sustainable digital economy in Nigeria

Abstract

Purpose This study aims to examine the threats posed by cybercrimes toward the quest for achieving a reliable digital economy and to identify practical strategies for countering the crime. Design/methodology/approach A qualitative phenomenological paradigm was used as the methodology. Both primary and secondary sources were consulted for data collection. A thematic analytical interpretation was used for data analysis. Findings This study discovered that Nigeria is a leverage environment for using digital economy as a means of diversifying the economy owing to population bulge, and an increase patronage of internet and digital space but the threats of cyberfraudsters is ostracising a substantial number from using it which is decreasing the performance of the digital economy. Research limitations/implications The research is limited by the scarcity of resources to widen the horizon of the study particularly the fieldwork and the rampant incidences of cybercrime in Nigeria which poses a difficult task for studying the phenomenon. In addition, this study is constrained by the confidentiality in releasing data owing to the sensitivity of the subject of study and its relationship to national security. Practical implications This study presents some suggestions that are plausible in countering the crimes and enhancing the digital economy in Nigeria through effective surveillance, massive information and communication technology (ICT) awareness creation for users and severe penitent sanctions for cybercriminals will help in securing digital spaces. Social implications This study has social implications including the suggestion for simplifying digital transactions that will save time, increases economic activities and passive multiple stream income for Nigerians and ease of doing business with less risk of robbery and other cumbersome tasks. Originality/value This study has originality value because after the survey of the existing literature, a field work is conducted to have the views of experts on the subject of study which adds value to the subject and originality of the findings.

Review of It Innovations, Data Analytics, and Governance in Nigerian Enterprises

“…The interpretivist research paradigm adopted in their study aligns with our aim to understand Nigerian enterprises' subjective experiences and perceptions regarding IT innovations and data analytics (Siano et al, 2020). Sule, Sambo and Yusuf (2022) employed a qualitative phenomenological paradigm to examine the threats posed by cybercrimes in Nigeria. Their methodology, which involved thematic analytical interpretation of data from primary and secondary sources, is relevant for our study.…”

“…Their methodology, which involved thematic analytical interpretation of data from primary and secondary sources, is relevant for our study. It provides a framework for understanding the challenges and opportunities associated with IT innovations and data analytics in the context of Nigeria's digital economy (Sule, Sambo & Yusuf, 2022). The methodological approach for this study will involve collecting data through in-depth interviews, focus groups, and document analysis.…”

Cybercrime and Cyber Security in Nigeria: Overview and Rate

“…These offenses exploit technology to compromise victims' personal and nancial information, disrupt services, and spread malware. Despite the prevalence of cybercrime in Nigeria, few studies have explored victimization frequencies and experiences (Sule et al, 2021;Ajiji, 2017;Omodunbi et al, 2016;Akpan, 2019;Maitanmi et al, 2013;Medium.com, 2020). The paucity of victim-focused research underscores a signi cant gap in understanding the human dimension of cybercrime in the Nigerian context.…”

“…Continuous vigilance and adaptation to evolving threats are crucial in maintaining effective cybersecurity (Moreta et al, 2023). Recognizing the shift towards e-governance and its security implications, policies on cybersecurity are essential for protecting sensitive information, maintaining privacy, and upholding critical services (Sule et al, 2021).…”