American business council seeks quick assent to data protection bill to protect related investment

The American Business Council (ABC) has urged the Nigerian government to expedite the passage of the Data Protection Bill to protect related investments in the country.

The ABC, which is a leading advocacy group for American businesses in Nigeria, made this call in a statement issued recently. According to the statement, the passage of the Data Protection Bill is crucial to ensuring the protection of personal data and preventing data breaches, which could have serious consequences for businesses and individuals alike.

The ABC noted that the bill, which has been pending in the National Assembly for some time, is essential for promoting trust and confidence in the Nigerian economy, particularly among foreign investors. The group argued that the bill would help to establish a robust data protection framework that would ensure the safe and secure handling of personal data, which is critical for businesses that rely on data-driven operations.

The ABC also highlighted the importance of data protection in attracting foreign investment to Nigeria. According to the group, the passage of the Data Protection Bill would send a strong signal to foreign investors that Nigeria is committed to protecting their investments and ensuring a stable and predictable business environment.

The statement read in part: "The American Business Council urges the National Assembly to expedite the passage of the Data Protection Bill. The bill is critical to promoting trust and confidence in the Nigerian economy, particularly among foreign investors. The passage of the bill would help to establish a robust data protection framework that would ensure the safe and secure handling of personal data, which is critical for businesses that rely on data-driven operations."

The ABC also commended the Nigerian government for its efforts to promote economic growth and development, and urged it to continue to prioritize the passage of the Data Protection Bill.

The statement concluded: "The American Business Council is committed to working with the Nigerian government to promote economic growth and development in the country. We believe that the passage of the Data Protection Bill is a critical step towards achieving this goal, and we urge the National Assembly to expedite its passage."