Report: Nigeria Data Protection Revenue hits N6.2bn in 2023

The Nigeria Data Protection Commission Annual Report has shown that the 2023 data protection total revenue increased to N6.2 billion from N5.5 billion in 2022.

The report was presented on Sunday at the second-anniversary dinner and awards, hosted by the Nigeria Data Protection Commission in Abuja.

Above picture is 2023 Nigeria Data Protection Annual Report presentation by the members of NDPC. (NAN Photos)

 

The NDPC was established on February 4, 2022, to ensure data privacy and protection in the country and that the rights of citizens are consistent with global standards.

The report said, “Other areas that the rates rose included Compliance Audit Report which recorded 3,451 reports from 2022 to 2023, compared to 1,864 from 2020 to 2021.

“The sector was able to create 10,123 jobs in 2023 from 9,577 in 2022, and compliance revenue increased in 2022.

“The number of verified Data Protection Officers rose from 1,928 in 2022 to 1,955 in 2023, number of investigations increased from 117 in 2022 to 177 in 2023, among others.”

Head of Legal, Enforcement and Regulations of NDPC, Mr Babatunde Bamigboye, praised the successes of the commission as most remarkable.

“The NDPA set the basis for data privacy and protection in the country, we are preparing the general application and implementation directive for the Nigeria Data Protection Act (NDPA)

“We have also enhanced our auditing. So, many organisations are starting to file audit reports with us and we have been accepted into the Global Privacy Assembly (GPA).

“The court also is starting to acknowledge the importance of adequacy in terms of cross-border data transfer and we are glad that the ecosystem is evolving and getting stronger,’’ he said.

He explained that as a member of GPA, the country could get mutual legal assistance on enforcement, capacity building, information sharing, and intergovernmental collaboration.

Some other achievements, he added, were the launch of the Nigerian Data Protection Strategic Roadmap and Action Plan 2023–2027, the start of bilateral cooperation with other jurisdictions, and the issuance of the Code of Conduct of Data Protection Compliance Organisations.