Moniepoint Teams up With NDPC to Promote Responsible Use of Data in Nigeria
Nigerian fintech company Moniepoint has partnered with the Nigeria Data Protection Commission (NDPC) to promote the responsible use of personal data among young Nigerians.
According to Moniepoint, the sensitization exercise was part of activities marking the National Privacy Week 2024. The bank further stated that with about 65 percent of Nigeria’s population under 30 years old, it was imperative to raise awareness about data protection rights and responsibilities.
The bank said its focus on Nigeria’s youth population follows their ability to serve as a great incentive to boost Nigeria’s productivity credentials and the role they can play in championing an ethical and healthy ecosystem given the country’s digital economy aspirations.
The Managing Director of Moniepoint Microfinance Bank, Babatunde Olofin, described young people as dividends to be harnessed for Nigeria’s socio-economic transformation in terms of innovation, enterprise, and job and wealth creation.
He noted that getting young people to become more aware of issues in data protection and privacy was imperative to succeeding in a digital and globalized world.
In his words,
“We want to empower young people to take charge of their digital lives which starts with knowing your rights and recognising the value of personal data.
“As a compliant and responsible data processor, we believe that financial happiness can only happen in an environment where data subjects behave well as responsible digital citizens and we’ll support industry stakeholders to build an ecosystem that encourages all Nigerians to take data protection and privacy seriously.”
Also speaking on the partnership, the National Commissioner of the Nigeria Data Protection Commission, Vincent Olatunji, highlighted the evolution of data protection in Nigeria, from the establishment of the Nigeria Data Protection Bureau to its transition into a commission.
He further described Nigerian youths as the future of Nigeria’s digital economy, stating that it is crucial that they understand the importance of data privacy and use personal data responsibly and ethically as they engage with technology.
