Nigeria’s NDPC forecasts N13.8 billion data protection revenue in 2025, a 15% rise, driven by increasing DPCO registrations and a growing culture of compliance
The Nigeria Data Protection Commission (NDPC) anticipates generating N13.8 billion in revenue from the data protection ecosystem in 2025, marking a 15 percent increase from the N12 billion generated in 2024.
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Dr. Vincent Olatunji, the National Commissioner of the NDPC, announced this projection in an interview with the News Agency of Nigeria (NAN) in Abuja on Thursday.
Dr. Olatunji emphasized the significant role of data protection receipts in bolstering Nigeria’s digital economy. The projected revenue growth is attributed to the increasing number of registered Data Protection Compliance Organisations (DPCOs).
These licensed entities, currently numbering over 311, assist Nigerian businesses in adhering to data protection laws and regulations, fostering a culture of compliance.
The National Commissioner highlighted that the growth in the data protection sector will not only generate revenue for the government but also instill trust and confidence in Nigeria’s digital economy for both local and international stakeholders.
He noted that Nigeria is already a model for data protection efforts in Africa and expects even greater performance in the coming years.
Dr. Olatunji also acknowledged that while significant progress has been made since the establishment of the data protection ecosystem three years ago, achieving its ultimate aims remains an ongoing process.
He pointed out that limited funding has posed a challenge to the commission’s ability to fully execute its mandates.
The Nigeria Data Protection Act (NDPA), signed into law in 2023, provides the legal framework for regulating personal data in Nigeria, replacing previous regulations under the National Information Technology Development Agency (NITDA).
