By Michael Irene, PhD
The National Information Technology Development Agency (NITDA) has come up with the Nigerian Data Protection Regulation. This, indeed, is a welcomed development as Nigerian companies over the years, use customers’ data in a willy-nilly fashion.
At the minimum, the regulation aims to “monitor the use of electronic data interchange and other forms of electronic communication transactions.” Without a doubt, the monitoring of how Nigerian banks, insurance companies, and telecommunication companies, just to mention those three industries use, store and transfer data in contemporary times has been largely unmonitored and, at worse, dangerous.
Therefore, NITDA has an onerous task on its hand especially with ensuring that companies: (1) understand what is expected of them with regards to protection of personal data; (2) companies understand the consequences of manipulating personal data; (3) and understand the need for the security and technical organization of personal data.
The regulation aims to achieve the following:
- Safeguard the rights of data subjects
- Foster safe conduct of transactions involving the exchange of personal data
- Prevent manipulation of personal data
- Ensure Nigerian businesses remain competitive in international trade
- Dr Irene, a writer, GDPR expert, contributed this piece from the United Kingdom