Afrigather 
In response to Dr. Vincent Olatunji, the nationwide commissioner of the Nigeria Data Protection Commission (NDPC), the Knowledge Safety Act could be described as the important thing to creating alternatives within the Nigerian digital ecosystem and a terrific incentive to enterprise and funding into the nation.
Olatunji mentioned this throughout a media chat to mark the one 12 months of the implementation of the Nigeria Knowledge Safety Act, in Abuja on Tuesday, stressing that the invoice handed by the ninth Meeting and assented to by President Bola Tinubu on June 12, 2023 was a significant milestone.
He mentioned “by way of financial worth, we’ve an ecosystem that’s value over N10 billion now due to the regulation. Within the space of Overseas Direct Funding, this regulation has positioned Nigeria as a rustic that’s prepared for digital enterprise as a result of most international locations and governments now associate with us.”
He famous that the regulation has boosted alternatives in job creation, coaching, workshops and consciousness, including that the regulation has develop into Nigeria’s international model in capability constructing within the space of information administration.
He additionally mentioned that due to the regulation Nigeria has gained the proper to host all Knowledge Safety Authorities (DPAs) in Africa in Might subsequent 12 months. This, he mentioned, wouldn’t have been attainable if Nigeria didn’t have this regulation.
Learn Additionally:
“You realize what meaning by way of financial worth, tourism and tradition, notion and FDI, lots of funding will likely be coming as a result of we are going to result in 30 African international locations in a single room, which is a big alternative for a median investor and a median improvement associate.”
He recommended President Tinubu for his help and understanding, stating that the bedrock of digital know-how is foundational Identification.
He confused the necessity for extra funding in knowledge safety including that with out ample safety of this knowledge identification, everyone is uncovered to grave penalties.
“We’re wanting on the 8 level agenda of the federal government and know-how will likely be used to drive each facet. There’s nothing that we are able to do on this present world with out the efficient deployment of know-how. And the world of ID could be very key to guard the proper, freedom and curiosity of all residents,” he mentioned.
The NDPC boss famous that the fee has obtained about 1000 reported instances of information breaches out of which seven has been recognized whereas N400 million has been realised from those that didn’t adjust to the regulation.
He instructed reporters that the fee has launched a scheme to coach 10, 000 public servants in accountable knowledge administration, stressing that about 5,000 have to date been skilled.
He mentioned additional that the fee has taken steps to coach 1000 Knowledge Processing Officers that will likely be licensed inside the subsequent one month.
Solomon Odoli, Challenge Coordinator of Knowledge for Growth, in his remarks , expressed readiness to help the fee to fulfil its mandate to make sure that private info of Nigerians are protected.
