The Federal Government of Nigeria has set a revenue target of ₦13.8 billion from data protection activities in the 2025 fiscal year, highlighting the increasing importance of data governance in the nation’s digital economy.
The announcement was made during a press briefing by the Nigeria Data Protection Commission, NDPC, where officials detailed the administration’s plan to harness regulatory compliance and digital trust as new sources of national income.
According to the NDPC, the revenue will come from licensing fees, compliance audits, penalties for data breaches, and other regulatory activities tied to the enforcement of the Nigeria Data Protection Act, signed into law in 2023.
Dr. Vincent Olatunji, National Commissioner of the NDPC, said the agency is scaling up efforts to ensure that public and private institutions operating in Nigeria adhere strictly to data protection guidelines.
“This projection is not just about revenue—it reflects our strategic push to build a robust and trusted digital ecosystem where individuals and businesses can thrive,” he said.
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He noted that the commission had already recorded increased compliance from fintechs, health providers, educational institutions, and digital service platforms following intensified public sensitization and stakeholder engagement.
The NDPC also plans to collaborate with international partners and local cybersecurity agencies to combat data misuse and improve citizens’ awareness of their digital rights.
Experts say the government’s proactive stance on data protection will enhance Nigeria’s standing in global data privacy rankings and attract more foreign direct investment into the tech sector.
The revenue target aligns with the broader objectives of Nigeria’s Digital Economy Blueprint, which prioritizes digital rights, online safety, and innovation-led growth.
NAN
