E-Business
The Importance of GDPR Compliance for Nigerian Businesses
By Adebayo Sanni
The deadline for compliance with the General Data Protection Regulation (GDPR) has come and gone.
And while it happened without too much fanfare in Nigeria, companies that think they can ignore the legislation and maintain a business as usual approach are in for a rude awakening.
Any organisation (irrespective its size, industry or geographic location) that has dealings with a company or people inside the European Union (EU) must adhere to it.
Those not willing to do so, face fines of either 20 million euros or four percent of their global revenue.
Already, the past few weeks have seen a notable increase in emails from subscription lists mentioning data privacy and how the personal information of subscribers are stored and kept safe.
For cloud providers that have customers around the world, this is a significant piece of regulation. However, even a small start-up in downtown Lagos that provides a service to a person living in France must be compliant.
While a lot of focus is currently on companies inside the EU, it will only be a matter of time before ‘outside’ businesses and services are reviewed and audited.
Of course, the cloud provides many benefits to organisations that are required to be GDPR-compliant.
Not only does it provide a more secure platform, but the environment is robust and continuously updated to reflect the latest technology innovations.
This results in a smoother migration path when it comes to data security and management with GDPR in mind.
Changing behaviour
At 68 pages with 99 separate areas of focus, it is hardly surprising that many feel intimidated by the GDPR. For those providing cloud or ‘as-a-service’ solutions, there are four key requirements to consider – data security; rights of individuals; documentation and security audits; and data breach notifications.
But even before one can delve into the technical aspects of compliancy, the reality is that many Nigerian businesses need to change the way they view and use data. Certainly, the situation is not unique to the country with many others struggling to adapt to a new way of capturing, storing, using, and sharing data.
It all starts with consent and whether the user agrees to the kind of data being stored about them and what it will be used for.
This forces a re-think in the way data is collected. Companies should carefully review whether the information they collect about their customers are necessary and, if it is, how securely is it stored and protected from external systems.
The days of blindly sharing customer data and insights with third parties are a thing of the past. An important aspect of this is to make sure the language used in data collection policies is written in a way that the layperson can understand. So, no more hiding behind legalese or difficult to follow technical concepts.
Already, there is a groundswell of support to the mantra ‘your data, your property.’ Nigerian businesses must ensure they keep this in mind.
This is also where the critically important ‘right to forget’ component of GDPR comes in. A consumer can delete his or her profile at a business with the personal information needing to be wiped clear. Just consider the impact this will have on social networks.
Local guidance
Fortunately, Nigeria has the Digital Rights and Freedom Bill for companies to fall back on. Even though it is still awaiting presidential assent, the bill does provide organisations with guidance on data handling, collection, and use in the country.
Furthermore, compliance is not something that is done once and forgotten. Instead, decision-makers need to continually review and assess their data management strategies and policies. The GDPR is an ongoing concern that requires an integrated approach to data.
Fundamentally, local companies do not have the luxury of using disparate databases and systems any longer. They must all be integrated, with the data securely stored every step of the process.
Even though the deadline of 25 May is long forgotten, companies must review and assess their policies to ensure they do not fall foul of regulators. The cost of not doing so is too severe to ignore.
Adebayo Sanni is MD of Oracle Nigeria
Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.
According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.
AI code assistants provide for more capabilities than only code development and completion, notes the research firm.
According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.
Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.
“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”
Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.
Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”
National Identity Management Commission (NIMC) has said that the planned national ID card will be issued to applicants by their banks.
NIMC said it is working with the Nigerian Interbank Settlement System (NIBSS) to deliver the cards to applicants.
“The card will be issued through the applicants’ respective banks in line with existing protocols with the issuance of the Debit/Credit cards,” the agency said at the weekend update on its official X handle.
KEY FACTS ABOUT THE PROPOSED NEW GENERAL MULTIPURPOSE NATIONAL IDENTITY CARD
- The new National ID Card is a single, convenient, and General multipurpose card (GMPC) , eliminating the need for multiple cards—not three.
- The single GMPC has multiple use cases:…
— NIMC (@nimc_ng) April 12, 2024
It said applicants need to request their cards with their NIN “through the self-service online portal, NIMC offices, or their respective banks”.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS,” NIMC said.
“The card can be picked up by holders at the designated center or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” the update read.
National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services.
NIMC made the clarification against the confusion and criticisms that have trailed the AfriGo Card , touted as a National Domestic Card Scheme.
NIMC is launching the AfriGo Card, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), and has had appointed SecureID, a Lagos headquartered company to manufacture the Card Scheme
Making clarification on the card, Kayode Adegoke, head of Corporate Communications of the NIMC, said the General multipurpose card (GMPC) will eliminate the need for multiple cards.
“The new National ID Card is a single, convenient, and General multi-purpose card (GMPC), eliminating the need for multiple cards—not three.
“The single GMPC has multiple use cases: Payments/Financial, Government intervention/services, travel, etc.
“The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the payment and financial use cases.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS. Applicants for the card will have to request with their NIN through the self-service online portal, NIMC offices, or their respective banks.
“The card will be issued through the applicants’ respective banks, in line with existing protocols with the issuance of the Debit/Credit cards.
“The card can be picked up by holders at the designated centre or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” he said.
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