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Data protection has contributed N5.5 billion to Nigeria’s GDP -Vincent Olatunji 

Data protection has contributed N5.5 billion to Nigeria’s GDP -Vincent Olatunji 

Vincent Olatunji (Image credit Google)

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The National Commissioner of the Nigeria Data Protection Bureau (NDPB), Mr. Vincent Olatunji, has said that the data protection industry has so far contributed N5.5 billion to Nigeria’s Gross Domestic Product (GDP). 

According to a statement the bureau’s Head of the Media Unit, Itunu Dosekun, Olatunji, disclosed this at the Nigeria-Netherlands Economic Consultation in Abuja. The Commissioner noted that Nigeria has now become the leading country in data protection across Africa. 

Data safety 

Olatunji assured that the personal data of the Dutch citizens in Nigeria was safe, with regards to the establishment of the NDPR. He, however, requested for partnership in the area of reviewing and implementing data protection regulations and laws between both countries. 

 

Potential 500,000 jobs 

Meanwhile, Olatunji noted that data protection’s contribution to the GDP is bound to jump once the National Data Protection Bill recently passed by the National Assembly is signed into law by the President. According to him, data protection has the potential of generating over 500,000 jobs. 

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While noting that as the fifth most populated nation in the world is generating huge Data that needed to be protected from compromise, Olatunji said there are at least 500,000 data-generating bodies in Nigeria and each of them required Data Protection officers to guide against breaches as enshrined in the Data Protection bill. 

Dr. Olatunji said there was also a huge career potential in data protection as the data generated daily throughout the globe needed to be policed based on domestic and foreign legal parameters. 

Data Protection Commission coming 

While data protection is currently being handled by the NDPB, which was created out of NITDA, the bill provides for the establishment of a substantive body, the Nigeria Data Protection Commission (NDPC). 

Section 7 of the bill lists the functions of the Commission to include ensuring the deployment of technological and organisational measures to enhance personal data protection; promoting awareness of data controllers and data processors of their obligations under the Act; promoting public awareness and understanding of personal data protection and the risks to personal data, including the rights granted and obligations imposed under the Act; and fostering the development of personal data protection technologies in accordance with recognized international good practices and applicable international law. 

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