The Nigeria Data Protection Commission (NDPC) has projected N13.8 billion revenue from the data protection ecosystem in 2025 as against N12 billion generated in 2024.
In an interview with NAN on Thursday, Vincent Olatunji, national commissioner of NDPC, said the figure represents approximately 15 percent increase in the amount generated the previous year.
He also said data protection receipts would play a major role as Nigeria seeks to bolster its digital economy.
“The projection will have to do with number of Data Protection Compliance Organisations (DPCOs) registered. These are businesses we have been able to open up by licensing professionals, skilled personnel to set up their businesses,” he said.
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“They go to data controllers and processors and help them understand privacy and take them through compliance to the law.
“The average data processor, controller will employ about five to ten people, depending on the number of their clients.
“Some of them collect as high as N10 million to N20 million for audit filing for multinational companies.
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“When you bring all these together and what they earn, the entire staff, that is how we were able to arrive at that figure and they also do a lot of support services that have to go with compliance.”
The commissioner further revealed that the NDPC registered about 256 DPCOs last year and added 55 DPCOs a few months into this year.
He also pointed out that Nigeria is setting a model for other African countries in data protection.
The Nigeria Data Protection Act (NDPA), signed into law in 2023, establishes the legal framework for the regulation of personal data in Nigeria.
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The Act replaced the Data Protection Regulations (NDPR) of 2019 and the NDPR Implementation Framework (2019), which were previously captured under the National Information Technology Development Agency (NITDA) Act.
