Nigeria is set to establish a cybersecurity framework in response to a growing wave of sophisticated cyberattacks powered by artificial intelligence. Bloomberg posted on X that these cyber threats are causing significant financial losses to banks, companies, and government agencies across the country. The Nigerian government aims to bolster its defenses against these advanced attacks, which have become increasingly prevalent and costly. The initiative is part of a broader effort to enhance national security and protect critical infrastructure from cyber threats. As cybercriminals leverage AI technologies to execute more complex attacks, Nigeria's move to develop a robust cybersecurity strategy is seen as a crucial step in safeguarding its digital assets and maintaining economic stability.