22 Financial institutions yet to begin data localisation — NITDA survey

By Juliet Umeh
Twenty-two of 44 financial institutions surveyed are yet to begin implementing measures to comply with Nigeria’s data localisation requirements, with the January 1, 2027 deadline approaching.
The findings were presented by Dr Muhammad Aminu Lawal, Special Assistant on Digital Transformation to the Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, at the Executive Regulatory Dialogue on National Cloud and Software Infrastructure (NSCI) Implementation and Data Localisation in Lagos.
The dialogue, convened by NITDA and the Central Bank of Nigeria (CBN), brought together regulators, financial sector executives, ba...