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A Evaluate Of The Proposed Countrywide Data Technologies Improvement Company Modification Bill And Its Influence On Knowledge Protection – Media, Telecoms, IT, Enjoyment

A Evaluate Of The Proposed Countrywide Data Technologies Improvement Company Modification Bill And Its Influence On Knowledge Protection – Media, Telecoms, IT, Enjoyment

Posted on March 14, 2022March 14, 2022 By Rufina Lynn

&#13

&#13
Nigeria: &#13
&#13
A Review Of The Proposed Countrywide Info Engineering Progress Agency Amendment Monthly bill And Its Influence On Data Protection&#13

&#13

18 Oct 2021

&#13
Kenna Companions&#13

&#13
To print this write-up, all you will need is to be registered or login on Mondaq.com.&#13

On August 12, 2021 a proposed bill to repeal the Countrywide&#13
Information Engineering Improvement Company Act, 2007 was manufactured public&#13
at the Nationwide Assembly. The bill has because then, garnered a lot&#13
general public interest. The reasons for which, in conjunction with essential&#13
provisions of the monthly bill, are to be talked over in this post.

Vital PROVISIONS IN THE Bill

The objective of the Invoice, as derived from Section 1, is to&#13
build an productive regulatory framework geared in direction of the&#13
improvement and development of the information and facts and digital sector of&#13
Nigeria. Some of which are as follows:

1. Institution of the National Facts Engineering&#13
Development Company (NITDA)

2. Functions of the Agency

3. Powers of the Agency

4. Establishment of a Governing Board

5. Establishment of The National Information and facts Technologies&#13
Improvement Fund

Effects ON STARTUPS, MICRO Compact AND MEDIUM ENTERPRISES&#13
(MSMEs)

On the surface area, an analysis of particular provisions of the Bill&#13
will need to have to be regarded as by startups and MSMEs. The Monthly bill waxed&#13
robust on penalties and sanctions in opposition to folks or providers&#13
that fail to get the appropriate licenses or shell out the 1 percent levy&#13
price but unsuccessful to supply enough information and facts to manual startups on&#13
the necessities of the approach.

HOW WILL THE Bill Have an impact on THE Expense Climate IN&#13
NIGERIA?

An Act that seeks to regulate the technology sector and startup&#13
place uniformly and relatively in Nigeria would be a welcome&#13
enhancement.

&#13
Get Comprehensive Insights

The articles of this report is meant to provide a normal&#13
guidebook to the topic subject. Specialist advice must be sought&#13
about your specific situation.

Well-liked Content articles ON: Media, Telecoms, IT, Leisure from Nigeria

Information Technology Tags:A Review Of The Proposed National Information Technology Development Agency Amendment Bill And Its Effect On Data Protection, Bill, Company, Corporate and Company Law, Corporate/Commercial Law, Countrywide, Data, Data Protection, Enjoyment, Entertainment, Evaluate, Improvement, Influence, IT, IT and Internet, Knowledge, Media, Modification, mondaq, Privacy, proposed, Protection, Technologies, Telecoms

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