From Nonye Udimiri,
Aba
The CEO of Innovation Growth Hub (IGHUB), Daniel Chinagozi, has called for proper regulation of internet money transactions rather than banning Nigerian’s participation in such activities.
The Information Technology expert cautioned against depriving Nigerians of business growth opportunities on internet through poorly thought-out measures adding that proper regulation would give Nigerians the huge benefits Internet offers.
Chinagozi said that withdrawing Nigeria’s participation from certain international operations on internet through poorly thought-out measures would only hurt the country and its citizens.
The IGHUB founder said that banning Nigerians crypto currency operations participation would hurt the nation’s economy which needs foreign interventions and collaborations to grow and become stronger.
“I think the federal government should put a lot of structure around the internet and crypto currency space, regulate that space and start licensing people dealing on it so that if anybody want to deal in it, such a person will follow due processes.
“But if you make the transactions in crypto currency illegal, or withdraw Nigeria from its transactions, Nigeria will begin to lose the value and benefits it could derive from it which is not the best for Nigeria’s economy”, he said.
Chinagozi said there was the need to make the internet safer for all through everyone’s effort because the internet was becoming bigger and more useful to all areas of human lives.
He said the country could make the internet safer by ensuring the implementation of the Federal Ministry of Education’s Online Safety education programme now in the national curriculum.
He also urged the government to erect stronger firewalls and expand online safety education to enable people know what to do or not do online, types of persons online and types of activities necessary to be safer.
He said a safer internet would ensure cyber criminals would find it difficult to hack into people’s personal information and people would know what to do on the internet to stay safe.
