The Nigerian Data Protection Regulation (NDPR) requires all businesses that collect personal data to have a privacy policy. This is especially important for prop-tech startups, which often collect a lot of personal data about their users, such as their names, email addresses, phone numbers, and financial information. In this article, we seek to examine legal guides as regards privacy policy for proptech startups.
Before delving into this in details, let’s examine what a privacy policy document is.
What Is A Privacy Policy Document?
A privacy policy is a document that tells users how their personal data is collected, used, and shared.
It should be clear, concise, and easy to understand.
Right now, we proceed to examine privacy policy for proptech startups as specified by the Nigerian Data Protection Regulation (NDPR).
Nigerian Data Protection Regulation Requirement For Privacy Policy
The NDPR specifies he following minimum requirements for a privacy policy:
- It must be simple, conspicuous, and understandable.
- It must describe the personal information collected.
- It must explain the purpose for which the personal information is collected.
- It must disclose how the personal information is stored and secured.
- It must state whether the personal information will be shared with third parties, and if so, the nature of the sharing.
- It must explain the rights of the data subject, such as the right to access, correct, and delete their personal information.
- It must state how the data subject can complain about a breach of the privacy policy.
In addition to the minimum requirements, a prop-tech startup privacy policy should also address the following specific issues:
- How the startup collects and uses geolocation data.
- How the startup uses cookies and other tracking technologies.
- How the startup protects the privacy of children.
- How the startup complies with the NDPR’s requirements for international data transfers.
A clear and comprehensive privacy policy, prop-tech startups can help proptech startups demonstrate their commitment to data privacy and build trust with their users.
This is essential for success in the Nigerian market, where data protection is a growing concern.
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References
- https://afrikanheroes.com/2021/06/02/data-protection-what-startups-in-nigeria-must-do-to-be-data-privacy-compliant/ accessed 21st August,2023.
- https://guardian.ng/technology/what-every-startup-must-know-about-tech-policy-in-nigeria/ accessed 21st August, 2023.
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