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FG projects N125bn revenue from data protection roadmap

by Ikenna Ngere
December 14, 2023
in Business News, News
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Data Protection Policy In Nigeria
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The Federal Government is targeting N125bn in revenues and the creation of 500,000 jobs expected to be created through the Nigeria Data Protection Strategic Roadmap and Action Plan.

This was disclosed during the launch of the Nigeria Data Protection Strategic Roadmap and Action Plan by Nigeria Data Protection Commission in Abuja on Wednesday.

The National Commissioner of the NDPC, Dr Vincent Olatunji, said that the NDP-SRAP and the training were important to enable the commission to achieve its mandate of having a robust data protection sector.

The launch of the 5-pillar NDP-SRAP was held concurrently with a capacity-building workshop on Data Privacy and Protection for Data Protection Officers.

The 5 pillars are governance, ecosystem and technology, human capital development, cooperation and collaboration as well as funding and sustainability.

Olatunji reminded the audience that part of the agenda of President Bola Tinubu’s administration was to create about 2 million jobs in the digital economy sector, adding that the data protection sector alone could create more than 500,000 jobs.

He said, “The NDP-SRAP comprises interlinked initiatives and activities like job, wealth creation, human capital development, revenue generation, foundational initiatives for the digital economy, and enhancing Nigeria’s global reputation.

“These activities are expected to create about 500,000 jobs, generate revenue of more than N125 billion and expand the sector within the lifespan of this roadmap.

“The roadmap will contribute to the growth of the country’s international businesses and its global competitiveness in human capital.”

He noted that regarding security, the policy would check malicious use of identity, unauthorised access to people’s data and information used for various things, build trust and improve the global perception of Nigerians.

He added that jobs in the data protection sector were not limited to any profession because the NDP-SRAP had more than 69 activities embedded in the five pillars.

According to him, public institutions, the private sector, civil society organisations, and the media have roles to play to ensure an effective action plan.

The NDPC boss said the commission was considering endorsing a Data Protection and Certification body, where certified professionals worked as obtainable in global practice.

Olatunji lamented that certified professionals in Nigeria had foreign certifications, which were expensive to obtain through examinations and the annual renewal of the certifications.

He said, “We have the competence to have our home-grown solutions and certifications that compare favourably with those around the globe.’’

He explained that the roadmap took one year to prepare and was recognised in the “Renewed Hope’’ agenda mandates and the blueprints of the Ministry of Communications and Digital Economy.

Also, the Chairman Board of Trustees, Licensed Data Protection Compliance Organisations, Mr Ivan Anya, said a lot of engagements were ongoing to ensure the implementation of the roadmap.

Anya said there were currently about 150 LDPCOs and more were expected to register to create opportunities for the development of the country’s data protection ecosystem.

SOURCE: PUNCHNG

Tags: data protection roadmapFG
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