FG Lists Benefits Of NIN Registration

The Federal Government has noted that its efforts in encouraging Nigerians to register for the National Identity Number, NIN, under the Ministry of Communications and Digital Economy is a strategic and critical effort to ensure that citizens have a credible, converged and consistent database for identity purposes.
Speaking at the Global Privacy Day Celebration, 2021, the Minister of Communications and Digital Economy, Dr. Isa Pantami, said the value of the registration exercise would become appreciated with the ease at which e-government services would be delivered, the reduction in crime, and general efficiency guaranteed by the database.
According to the Minister, “Identifying every Nigerian is a soft infrastructure needed to achieve our digital economy objective.
“Indeed, the needed pieces for the digital economy is falling in place and we are committed to laying a solid and lasting foundation for a digital Nigeria.”
Speaking further, Pantami said, “I am more delighted to see that NITDA, in collaboration with public and private stakeholders has infused a lot of innovation to the organisation of this year’s Privacy Week despite the challenges posed by the pandemic.
“The Digital Economy is developing at a remarkable rate and it has been widely accepted as the single most important driver of Innovation, Competitiveness and Growth.
“The digital economy is fundamentally transforming the way societies, businesses including the business of governance operate and deliver services.”
The Minister said it was ironical that the COVID-19 pandemic has actually mainstreamed the digital economy, adding that rather than travelling by air, sea and land to host an event, people now have been impacted from around the world without gathering together physically in terms of hosting events.
“The Oxford Economics values the global digital market at $11.5 trillion dollars or approximately 16% of the Global Economy. This value is expected to grow significantly over the coming years,” he added.
“McKinsey and Company has predicted that the Digital Economy in Africa is expected to grow to over $300 billion by 2025. The World Economic Forum predicts that over 60% of global GDP will be digitised by 2022 and that over the next decade, digital platforms will be used to create close to 70% of new value and jobs.
“Most nations are prioritising the need to develop their digital economies because they realise the multiplier effects that this can have on all other sectors of the economy.
“The currency of the digital economy is personal data. Digital platforms require information such as names, emails, phone numbers, geo-data among other personally identifiable information to be able to fulfill their service promise and to do effective marketing. Data must therefore be harnessed and properly regulated in order to achieve an orderly use of such valuable asset.
“When I signed the Nigeria Data Protection Regulation two years ago, I knew it was a fundamental instrument needed to digitally transform Nigeria. I am very proud of the Director General and the NITDA staff who have worked hard not only to implement the NDPR, but have done so seamlessly with local and international stakeholders. The array of partners of the Privacy Week shows that NITDA is representing government well, hence the show of support by the private sector”..