Data Protection Revenue Surges to N6.2bn in 2023

Chibuzor Alli

Following the annual report released by the Nigeria Data Protection Commission (NDPC), the total revenue generated through data protection activities in 2023 has increased to N6.2 billion compared to N5.5 billion in 2022.

The report was presented during the second anniversary dinner and awards ceremony held by the NDPC in Abuja on Sunday. The NDPC was established on February 4, 2022, with the authority to enable data privacy and protection in Nigeria in accordance with international standards, and to safeguard the rights of citizens in this regard.

It read, “Other areas that the rates increased included Compliance Audit Report which recorded 3,451 reports from 2022 to 2023, against 1,864 from 2020 to 2021.

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

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

Meanwhile, Babatunde Bamigboye who is the active Head of Legal, Enforcement and Regulations of NDPC narrate efforts toward forstering progressive implementation.

He said, “The NDPA laid the foundation for data privacy and protection in the country, we are putting together the general application and implementation directive for the Nigeria Data Protection Act (NDPA)

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

“The court also is beginning to recognise the importance of adequacy in terms of cross-border data transfer and we are happy that the ecosystem is evolving and getting stronger’’.

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