Nigeria’s cybersecurity sector is on an impressive growth trajectory, with projections indicating that the market will reach $345.43 million by 2029. This significant increase from its current valuation of $207.80 million in 2024 is driven by the nation’s rapid digital transformation and expanding internet infrastructure.
At a recent press conference in Abuja, the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, highlighted the factors contributing to this growth. He noted that Nigeria’s digital economy contributed 17.68% to the national GDP in 2024, surpassing the oil and gas sector for the first time. The expansion of 5G networks and broadband reaching over 134 million users, with a 44.4% penetration rate, has positioned Nigeria as a leading tech hub in Africa .
To address the increasing cybersecurity challenges accompanying this digital growth, the Nigerian government is implementing several initiatives. One such program is the 3 Million Technical Talent (3MTT) initiative, aiming to train three million Nigerians in technical and digital skills, including cybersecurity, by 2027. This effort is part of a broader strategy to equip the youth with the necessary skills to thrive in the digital economy .
The upcoming National Cybersecurity Conference 2025, scheduled for July 7–10 in Abuja, will further address the nation’s cybersecurity landscape. The conference, themed “Building a Resilient Digital Future – Nigeria’s Moment to Lead,” will bring together stakeholders to discuss strategies for enhancing the country’s digital security framework .
As Nigeria continues to embrace digital innovation, the emphasis on strengthening cybersecurity measures is paramount. The projected growth in the cybersecurity market reflects the nation’s commitment to securing its digital infrastructure and fostering a safe environment for technological advancement.
