NDPC said on Tuesday it had enhanced investors’ trust, credibility, and confidence in the nation, enabling investment to thrive.
The NDPC national commissioner said that of the country’s 10,000 skilled data protection professionals, less than 5,000 are certified.
Mr Olatunji added that certifying data protection professionals in the country would reduce capital flight and create over 500,000 jobs in the sector.
Mr Olatunji noted that those found culpable for violating the Nigeria Data Protection Act, 2023, would be brought to justice.
The sector was able to create 10,123 jobs in 2023 against 9,577 in 2022 and compliance revenue increased to N325 million against N94.4 billion in 2022, said the report.
He said the winner of the hackathon would be announced at the anniversary dinner and awards night of the commission on Feb. 4.
The Nigeria Data Protection Commission says it generated over N400 million in ensuring compliance with data protection and its remedial actions.
“There is a deficit of manpower in these areas, and in an area like data protection, we need a minimum of 500,000 data protection officers.”
The NDPA 2023, under section 33, mandates the commission to license persons with a requisite expertise level.
The action plan is expected to create about 500,000 jobs and generate more than N125 billion in revenue.
