HomeBusinessNigeria loses $850m yearly from weak digital identity —NiRA

Nigeria loses $850m yearly from weak digital identity —NiRA

Nigeria is losing an estimated $850m annually due to weak adoption of its national digital identity infrastructure, the Nigerian Internet Registration Association said, as stakeholders called for stronger use of the country’s .ng domain to boost economic and data sovereignty.

The disclosure was made at the third edition of NiRA’s Tech Convergence conference, in Abuja, recently, which brought together lawmakers, regulators, and digital economy stakeholders to discuss Nigeria’s digital independence and the role of policy, digital identity, and the .ng domain in economic growth.

NiRA President Adesola Akinsanya said digital independence should not be confused with isolation from the global internet but rather seen as building a secure and competitive ecosystem that gives Nigeria greater control over its data, infrastructure, and online presence.

“Digital independence does not mean isolation from the global internet. It means a secure, resilient, and competitive digital ecosystem that gives Nigeria greater control over its data,

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