The Nigeria Data Protection Commission (NDPC) unveiled insights from its Annual Data Protection Report, revealing significant contributions to the job market and revenue growth within the country’s data protection industry in 2023.
According to the report, activities within the data protection sector resulted in the creation of a total of 10,123 jobs for Nigerians throughout the year. This marked a notable 5.7% increase compared to the 9,577 jobs generated in 2022, highlighting the sector’s growing importance as a driver of employment opportunities.
In addition to job creation, the NDPC disclosed an uptick in investigative activities, with the number of probes rising from 117 in 2022 to 177 in 2023. This increase underscores the Commission’s proactive efforts in enforcing data protection regulations and safeguarding individuals’ privacy rights in the digital age.
Moreover, the report indicated substantial growth in the data protection industry’s cumulative revenue, reaching ₦6.2 billion in 2023 compared to ₦5.5 billion in 2022. This upward trajectory in revenue reflects the expanding market demand for data protection services and compliance solutions amid evolving regulatory landscapes and heightened data security concerns.
The NDPC’s Annual Data Protection Report underscores the critical role played by the data protection sector in Nigeria’s economic landscape, not only in terms of job creation but also in driving revenue growth and fostering regulatory compliance within the digital ecosystem.
As the data protection landscape continues to evolve, the NDPC remains committed to promoting transparency, accountability, and best practices in data management while fostering innovation and economic growth in Nigeria. Through its regulatory oversight and collaborative efforts with stakeholders, the Commission strives to ensure the responsible and ethical use of data while advancing the interests of individuals, businesses, and society as a whole.