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Home Analyst Insight

Secure digital future in Data Protection Bill 2023

by Admin
January 21, 2026
in Analyst Insight

In a significant leap forward for data privacy, the recent passage of the Data Protection Bill into law by the Nigerian President is cause for celebration. This milestone legislation signifies Nigeria’s commitment to safeguarding the privacy and security of personal data in the digital age.

In this article, I extend my heartfelt congratulations to Nigerians and explore the responsibilities of the Nigerian Data Protection Bureau. I also delve into the expectations placed upon companies and individuals as they navigate this transformative landscape.

The Data Protection Bill becoming law is a momentous achievement for Nigeria and its citizens. It reflects the government’s recognition of the importance of data privacy and its commitment to ensuring the protection of personal information. This legislation empowers individuals with greater control over their data, reinforcing their rights and fostering a culture of trust in the Nigerian digital ecosystem.

The Bureau should undertake the following responsibilities and develop guidelines, standards, and best practices to guide organisations in their data privacy efforts. Raising awareness about data protection rights and responsibilities among citizens, businesses, and government agencies is paramount.

The Bureau should conduct audits and investigations to ensure compliance with data protection regulations. It must impose penalties on organisations found in violation, thereby promoting accountability and deterrence.

Collaborating with international data protection bodies and participating in global discussions will allow the Bureau to stay abreast of evolving best practices, harmonise data transfer mechanisms, and enhance Nigeria’s standing in the global data protection landscape.

Companies should develop and implement comprehensive data protection policies that align with the requirements of the Data Protection Bill. These policies should emphasise transparency, consent management, data minimization, security measures, and breach notification protocols.

Nigerians should be cautious and mindful when sharing their personal information. Understanding privacy settings, reading privacy policies, and exercising informed consent empower individuals to make informed decisions about their personal data. I’ve written extensively about this here and won’t rehash the methodologies.

Individuals should promptly report any suspected data breaches to the Nigerian Data Protection Bureau. This collaborative effort will aid in safeguarding personal information and holding organisations accountable for their data protection practices.

Nigerians should actively engage in discussions surrounding data privacy, advocating for stronger protections, and ensuring that their voices are heard by policymakers. Their input can help shape future amendments to the Data Protection Bill.

The passage of the Data Protection Bill into law is a significant milestone in Nigeria’s journey toward a more secure and privacy-centric digital future. The implementation of this legislation demonstrates the government’s commitment to protecting the personal data of Nigerian citizens.

It not only empowers individuals with greater control over their information but also establishes a framework for businesses to operate responsibly and ethically in the digital landscape.

As we celebrate this achievement, it is essential for all stakeholders, including the Nigerian Data Protection Bureau, companies, and individuals, to recognize their roles and responsibilities. The Nigerian Data Protection Bureau must effectively execute its mandate by providing guidance, enforcing regulations, and fostering awareness.

Companies must prioritise data protection by implementing robust policies, security measures, and employee training programmes. Individuals should remain vigilant, exercise informed consent, and actively participate in advocating for their privacy rights. By embracing the principles outlined in the Data Protection Bill, Nigeria can create an environment that promotes trust, innovation, and economic growth.

The successful implementation of this legislation will position Nigeria as a leader in data protection within the African continent and beyond. As Nigerians, let us embrace this transformative legislation and work together to build a digital ecosystem where personal data is respected, protected, and used responsibly. Through collective efforts, we can ensure that data privacy becomes a cornerstone of our society, fostering trust, transparency, and prosperity for all. Congratulations Nigeria, on this significant step towards a secure and privacy-conscious future!

  • business a.m. commits to publishing a diversity of views, opinions and comments. It, therefore, welcomes your reaction to this and any of our articles via email: comment@businessamlive.com

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Developing economies risk missing global services boom, UNCTAD warns

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October 8, 2026
Please construct a Business A.M. frontpage business journalism story from this “The growing use of services across all sectors means they should also be viewed as critical for goods exports, a report from the United Nation’s trade and development arm has said. The UN Conference on Trade and Development (UNCTAD) found that industries across the board are increasingly embedding services in their products, even if they traditionally export physical goods. Business models are also changing, as firms look to “bundle services with their products” or move to sell services for goods, such as maintenance contracts. Services increased their overall share of global exports by four percentage points to 27% between 2015 and 2025. Over the past decade, services exports have also grown faster than goods exports, rising by around 6.7% each year. In 2025, services exports increased by 8.3%. This has been driven in part by digitally deliverable services, which UNCTAD said is “the fastest-growing segment of global trade”. These include services that can be “delivered remotely over computer networks”, such as financial and insurance services. The role played by intangible economic activities means that they now “should be viewed not only as a sector in their own right but also as critical inputs into the production and export of goods”, UNCTAD said. “The quality, cost and availability of services directly affect competitiveness and participation in global value chains across all sectors.” Yet developing economies have not benefitted equally, with services exports for these countries growing by just 3% annually. The report said that “poor connectivity, costly cross-border payments and skills gaps”, as well as a lack of data to assess the impact of services within trade overall, are all barriers facing developing economies. Developing economies have a far lower share of digitally deliverable services, accounting for just 16% of total services exports compared to developed economies, which have a share of 61% in 2024. This is due not only to weaker connectivity, but also “diverging export structures”, as developing countries rely on “traditional services such as transport and travel,” rather than digital services, the report said. AI may also widen the divide between countries, it added, with less than a third of developing countries having so far adopted national AI strategies. UNCTAD also noted that multilateral rules have not kept up with digital trade, and regional and bilateral agreements have led to greater regulatory complexity. “Developing countries need better data, stronger digital infrastructure and greater capacity to shape emerging rules,” it said. “Realising the development potential of services trade will require action on three fronts: better data, stronger digital foundations, and more inclusive international co-operation.” Participants in a recent GTR roundtable held in Singapore discussed why services trade may be the market’s next major opportunity. One banker described services trade as “one area that’s really growing, and one area that most banks are underestimating the potential for business”. Earlier this year, UNCTAD found that merchandise trade growth is expected to fall by as many as 3.2 percentage points in 2026 compared to last year. This was down to trade uncertainty and geopolitical tensions weighing on supply chains, shipping and investment decisions, researchers said.

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Please construct a Business A.M. frontpage business journalism story from this “The growing use of services across all sectors means they should also be viewed as critical for goods exports, a report from the United Nation’s trade and development arm has said. The UN Conference on Trade and Development (UNCTAD) found that industries across the board are increasingly embedding services in their products, even if they traditionally export physical goods. Business models are also changing, as firms look to “bundle services with their products” or move to sell services for goods, such as maintenance contracts. Services increased their overall share of global exports by four percentage points to 27% between 2015 and 2025. Over the past decade, services exports have also grown faster than goods exports, rising by around 6.7% each year. In 2025, services exports increased by 8.3%. This has been driven in part by digitally deliverable services, which UNCTAD said is “the fastest-growing segment of global trade”. These include services that can be “delivered remotely over computer networks”, such as financial and insurance services. The role played by intangible economic activities means that they now “should be viewed not only as a sector in their own right but also as critical inputs into the production and export of goods”, UNCTAD said. “The quality, cost and availability of services directly affect competitiveness and participation in global value chains across all sectors.” Yet developing economies have not benefitted equally, with services exports for these countries growing by just 3% annually. The report said that “poor connectivity, costly cross-border payments and skills gaps”, as well as a lack of data to assess the impact of services within trade overall, are all barriers facing developing economies. Developing economies have a far lower share of digitally deliverable services, accounting for just 16% of total services exports compared to developed economies, which have a share of 61% in 2024. This is due not only to weaker connectivity, but also “diverging export structures”, as developing countries rely on “traditional services such as transport and travel,” rather than digital services, the report said. AI may also widen the divide between countries, it added, with less than a third of developing countries having so far adopted national AI strategies. UNCTAD also noted that multilateral rules have not kept up with digital trade, and regional and bilateral agreements have led to greater regulatory complexity. “Developing countries need better data, stronger digital infrastructure and greater capacity to shape emerging rules,” it said. “Realising the development potential of services trade will require action on three fronts: better data, stronger digital foundations, and more inclusive international co-operation.” Participants in a recent GTR roundtable held in Singapore discussed why services trade may be the market’s next major opportunity. One banker described services trade as “one area that’s really growing, and one area that most banks are underestimating the potential for business”. Earlier this year, UNCTAD found that merchandise trade growth is expected to fall by as many as 3.2 percentage points in 2026 compared to last year. This was down to trade uncertainty and geopolitical tensions weighing on supply chains, shipping and investment decisions, researchers said.

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