“If you don’t have any data protection law in place, they will feel uncomfortable to invest because today, data is critical. Whenever we engage with potential investors, we try to convince them of the need to come to Nigeria to invest, and they always ask if we have a data protection law,” he said.
Data protection law is not crafted in any way to punish citizens, rather to create awareness so that we will all be accountable to one another whether as data controllers or as data processors. Pantami advocated a culture of compliance by design and by default. Additionally, businesses and organisations will be held accountable for any data breaches or privacy violations, which will encourage them to take data protection seriously and implement adequate technological and organizational measures in order to protect personal data.
“While Nigeria has a national data protection regulatory agency, the Nigeria Data Protection Bureau ) responsible for regulating data protection and ensuring compliance with the Nigerian Data Protection Regulation , protecting data privacy rights may require more than just having a regulatory agency.
In fact, many development partners, international financial institutions, critical stakeholders in the digital economy space and even potential investors today have continued to ask questions as to why Nigeria does not have a data protection law in place. “First, it is about our reputation as a country. Individuals and organizations are moving almost everything in to digital platforms. The foundation to anything you do online is your digital identity. You must have an identity. This identity is your personally identifiable information and it is the gate, the wall and the foundation of all your transactions. Your name, telephone number, IP address or anything that identifies you.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PremiumTimesng - 🏆 3. / 78 Read more »