Nigeria's fast-rising fintech industry relies heavily on users’ data, making a comprehensive data protection framework essential. This article explores the legal framework that safeguards users data in this industry.

It examines the interplay in the data protection landscape, analysing how the Nigeria Data Protection Act (NDPA), Central Bank of Nigeria (CBN) regulations, and other relevant laws work together to protect the right to privacy. By examining these regulations, the article unpacks key users rights and obligations for fintech companies. These include obtaining user consent for data collection (lawful data processing), minimizing the data collected (data minimization), and implementing protocols to notify users of data breaches. The paper further explores how users and regulators can enforce these rights through available mechanisms and remedies.

Overall, this overview demonstrates how Nigeria's data protection framework fosters trust, protects user privacy, and sets the tone for responsible innovation within the fintech space.

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