

Nigeria: 

A Review Of The Proposed Countrywide Info Engineering Progress Agency Amendment Monthly bill And Its Influence On Data Protection


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On August 12, 2021 a proposed bill to repeal the Countrywide
Information Engineering Improvement Company Act, 2007 was manufactured public
at the Nationwide Assembly. The bill has because then, garnered a lot
general public interest. The reasons for which, in conjunction with essential
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
build an productive regulatory framework geared in direction of the
improvement and development of the information and facts and digital sector of
Nigeria. Some of which are as follows:
1. Institution of the National Facts Engineering
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
Improvement Fund
Effects ON STARTUPS, MICRO Compact AND MEDIUM ENTERPRISES
(MSMEs)
On the surface area, an analysis of particular provisions of the Bill
will need to have to be regarded as by startups and MSMEs. The Monthly bill waxed
robust on penalties and sanctions in opposition to folks or providers
that fail to get the appropriate licenses or shell out the 1 percent levy
price but unsuccessful to supply enough information and facts to manual startups on
the necessities of the approach.
HOW WILL THE Bill Have an impact on THE Expense Climate IN
NIGERIA?
An Act that seeks to regulate the technology sector and startup
place uniformly and relatively in Nigeria would be a welcome
enhancement.

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