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Regulation in Nigeria

In June the Data Protection Act, 2023 was signed into law by Nigeria’s President. The Act provides a legal framework for the protection of personal information, processing and transfer of personal information and regulatory obligations of data controllers and data processors among others in Nigeria. Prior to this, Nigeria did not have a single unified data protection law which caused confusion and an uneven application of differing regulations.

Meanwhile research has found that the mobile money system presents challenges of fraud, insecurity, high costs and poor infrastructure. The fintech industry in Nigeria and the increasing point of sale agents, pose challenges in monitoring compliance. Regulators need to catch up with growing trends and provide policies that support and drive financial inclusion, and do spot-checks to identify those not complying with the regulations.

Thanks to Afriwise this link provides information on the Tanzania Personal Data Protection Act. Continue reading .



Alastair Tempest

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