The quotes, “Data is the new currency” and “Data is King”, aptly represent the growing importance of data as a valuable asset in the 21st century, driving innovation, economic growth and business success. As one of the largest economies in Africa, Nigeria’s strategic position in West Africa and its vast consumer base have inevitably led to multinationals processing the personal data of Nigerian citizens and residents.
From online shopping, social media usage, digital banking, clinical trials, mobile applications, and travel history, towebsite applications, the personal data of individuals in Nigeria is now being collected and processed daily by multinationals. This constant flow of data across borders gives rise to significant legal, regulatory, and operational obligations within an evolving data protection landscape in Nigeria. The scope of Nigeria’s data protection laws extends beyond entities with a direct presence in the country.
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