Nigeria commences implementation of data protection regulation, defaulters risk N10m fine.
The National Information Technology Development Agency (NITDA) yesterday disclosed that the Nigerian data community came under a new regulation from April 25, 2019.
Director General and Chief Executive Officer of NITDA, Dr. Isa Ali Ibrahim Pantami, revealed that full implementation had commenced in the country consequent upon its issuance and public presentation of the Nigeria data protection regulation on January 25, 2019.
Pantami explained that the data protection seeks to safeguard the rights of Nigerians to data privacy, ensure an exchange of personal data is done safely and securely.
According to him, it would also prevent manipulation of personal data, and ensure that Nigerian businesses remain competitive globally as data protection remains a key requirement in ensuring confidence in business transactions.
Section 6(c) of the NITDA Act of 2007 mandated the agency to develop regulations for electronic governance and monitor the use of electronic data interchange and other forms of electronic communication transaction, among others.
Stressing that the act also grants NITDA powers to enforce compliance and penalize defaulters, NITDA disclosed that there are penalties for breaching the regulation, in addition to any other liabilities.
These include payment of two percent fine of the yearly gross revenue of the preceding year of N10 million whichever is greater in case of data controller dealing with more than 10,000 data subjects.
Also, in case of a data controller dealing with less than 10,000 data subjects, payment of one percent fine on the yearly gross revenue of the preceding year of N2 million, whichever is higher.
Pantami said NITDA noted the interest, inputs, and efforts of shareholders in complying with the regulation and to explore the economic and jobs creation potential the regulation presents to the country.
The NITDA CEO urged Nigerians to support the initiative, as their right to privacy was fundamental.