Ogola made this known at the Securex West Africa Exhibitions and Conference in Lagos on Wednesday.

The News Agency of Nigeria reports that Securex West Africa is an exhibition and conference encompassing fire and rescue, commercial, Homeland and cyber security, organised by Afrocet Montgomery.

He noted that it had changed the way we do business and connect without distance as possible barriers.

Ogola said that virtually every segment of the global economy relied on this super speed highway (the internet) so much that an individual or institution without any form of digital presence was considered primordial.

“Our digital infrastructure is a strategic national asset, protecting it while safeguarding privacy and civil liberties is a national security priority and an economic necessity.

“The present administration should set up a national strategy to include governments at all levels, regulatory agencies and ministries by defining proper conduct in the use of the internet.

“Also charting a course for the public and private sectors to collaborate to raise the levels of trust associated with the identities of individuals, organisations, networks, services and devices involved in online transactions would go a long way,’’ he said.

Ogola said that internet had brought a lot of positive changes that had followed the rise of online activities like making online purchases and transacting banking activities.

He said that internet also had a place for online fraud, kidnapping, identity theft and human trafficking.

Ogola noted that these crimes cost families and the nation billions of naira yearly.

“With more and more devices and individuals connected to the internet on daily basis, the need to well authenticate these devices and individuals has become very imperative.

“Specifically, achieving optimal identification and authentication of connected components to cyberspace will likely reduce the occurrence of anti-social vices linked to anonymous.

“While identity solutions globally are evolving to keep pace with the intricate nature of security risks, our local identification management structure is ill-defined, inconsistent and zero-functional.

“The responsibility to curb cyber threats rests on the private sector in concrete collaboration with the Federal Government alongside relevant agencies in the implementation of a strategy to solve these issues,’’ he said.

Ogola said that because we use the internet to increase our productivity as a platform for innovation and as an avenue to create new businesses, it was paramount to take necessary security steps to protect it from hackers.