Data Ownership Powers Nigeria's Digital Future | Nigeria News

Nigeria’s digital economy is on the rise—but its true potential depends on one thing: putting users in control of their data. Tech pioneer Ogegbo Babajide warns that as digital services grow, so does the value of personal information, making strong protection systems non-negotiable. He argues that the future of digital finance isn’t about speed or flashy products, but about empowering users to decide who accesses their data and under what terms. Open banking, powered by secure APIs and user consent, is key—offering a smarter, safer alternative to outdated screen scraping methods. This user-first model, echoing Web3 principles like decentralized identity, shifts power back to consumers. Stronger data protection won’t just safeguard privacy—it will fuel innovation, enabling startups to build personalized solutions, small businesses to prove creditworthiness, and more Nigerians to access financial services. Babajide calls for expanding these ownership principles beyond banking to the entire digital ecosystem, ensuring technology advances without sacrificing individual rights. The result? A more inclusive, trustworthy digital future where people—not institutions—lead the way. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2e77f8d5243e5601