Weak data protection may drive investors away, NDPC warns
States in Nigeria risk losing investor confidence if they do not strengthen data protection and privacy systems, according to the Nigeria Data Protection Commission. Vincent Olatunji, the NDPC’s National Commissioner, highlighted the importance of robust data privacy at a workshop in Abuja. He emphasized that effective data protection could boost public trust and attract foreign investment. Other officials also stressed that strong privacy measures are essential for digital economic growth and public confidence.
What we know
- Vincent Olatunji warned that states lacking strong data protection could lose investment opportunities as economic activities become more digital.
- He said effective implementation of the Nigeria Data Protection Act at the state level would improve credibility and attract investors.
- The NDPC has registered over 38,000 organisations and licensed 346 data protection compliance organisations, with more than 27,000 people now working in the ecosystem.
- Bosun Tijani, represented by Nadungu Gagare, stated that trust and privacy compliance are crucial for digital progress and investment.
- Other officials, including Abdulateef Shittu, Didi Walson-Jack, Murtala Garo, Ivan Anya, and Tokunbo Smith, called for practical measures, cooperation, and real compliance to safeguard citizens’ data and strengthen public trust.
