The Minister of Communications, Barr. Adebayo Shittu, on Monday disclosed that Nigeria loses about $287 million to software piracy annually.
Shittu, who said this at a programme organized by the League of Veteran Journalists in Ibadan, Oyo State, said his ministry had taken protection of intellectual property more seriously, adding that it would also continue to ensure enforcement for promotion of creativity in Nigeria.
He said with the continuous growth in the demand for online workers in the international and local markets, Nigeria was prepared to train its youths and enhance their Information and Communication Technology (ICT) capacity building and skill acquisition.
He, however, noted that although the ICT potential of the country was vast, low penetration and significant infrastructural shortfalls were hurdles militating against exploring the huge ICT potentials.