A fresh data policy unveiled by the Central Bank of Nigeria (CBN) has raised questions about the nation’s local technology capacity, according to a report by The Guardian Nigeria News. The policy, which was announced on October 13, 2026, is expected to streamline the collection, storage, and sharing of data within the Nigerian financial sector. However, concerns have been expressed about the potential impact on local tech companies and their ability to compete in the market. It remains unclear whether the CBN has considered the capacity of these firms when formulating the policy. This development comes amidst a growing digital economy in Nigeria, where tech startups and SMEs have been making significant strides. As the CBN continues to shape the financial sector’s data landscape, it is crucial to ensure that local tech companies are not left behind. The Guardian’s report highlights the need for a balanced approach that fosters innovation while safeguarding consumer interests.
By
