Chigisoft, a leading technology solutions provider, was represented at the National Digital Economy and E-Governance Bill Stakeholders’ Engagement on the 13th of February, 2025 by its Head of Growth, Shiloh Okonwor, who attended on behalf of the CEO, Precious Chukundah. This engagement highlighted the crucial role that Chigisoft plays in driving Nigeria’s digital transformation.
Understanding the Bill
The National Digital Economy and E-Governance Bill, 2024 seeks to establish a structured regulatory framework that strengthens Nigeria’s digital economy. Its key provisions include:
- Legal recognition of electronic transactions to facilitate streamlined digital business operations.
- E-Governance transformation to improve efficiency in public institutions through digital solutions.
- Cybersecurity and data protection regulations, including mandatory cyber insurance for e-commerce businesses.
- Consumer protection measures, ensuring transparency and fairness in online transactions.
- Standardization of digital infrastructure to promote accessibility and interoperability across digital platforms.
Chigisoft’s Perspective: Opportunities and Challenges
The Bill presents both opportunities and challenges for businesses like Chigisoft. Key takeaways from the engagement include:
- Regulatory Compliance and Digital Readiness. Businesses must ensure their digital transactions, contracts, and records adhere to the new regulations. This requires strengthening security, implementing robust digital signature solutions, and maintaining compliance with national data protection laws.
- Collaboration with the Government for Digital Transformation. With the government seeking technology partners for e-governance initiatives, Chigisoft is strategically positioned to provide cutting-edge digital solutions that enhance government efficiency and service delivery.
- Cybersecurity as a Business Priority. Companies engaged in digital commerce and financial transactions must invest in cybersecurity and obtain cyber insurance to mitigate risks. Chigisoft remains committed to delivering tailored cybersecurity solutions for businesses.
- Expanding Digital Trade Opportunities. The Bill encourages international digital trade, providing Nigerian businesses with opportunities to scale globally. Chigisoft is actively exploring ways to expand its solutions while ensuring compliance with emerging digital trade policies.
- Enhancing Digital Services with Accessibility & Interoperability
- Accessibility: Digital services must be inclusive and usable for all individuals, including those with disabilities.
- Interoperability: Solutions must seamlessly integrate with other systems, ensuring efficient data exchange and business processes across platforms.
Chigisoft’s Strategic Preparations
To align with the Bill’s provisions and remain ahead of industry changes, Chigisoft is implementing the following strategies:
- Conducting an internal audit of digital policies and compliance measures.
- Engaging legal and cybersecurity experts to ensure adherence to new regulations.
- Strengthening partnerships with government agencies to support digital transformation efforts.
- Investing in interoperable, scalable, and secure digital platforms that align with the Bill’s requirements.
Final Thoughts: Chigisoft Leading the Digital Evolution
The National Digital Economy and E-Governance Bill, 2024 marks a significant step in positioning Nigeria as a global digital leader. While compliance is critical, businesses that embrace innovation and adapt strategically will thrive in this evolving landscape.
Chigisoft remains at the forefront of this transformation, investing in technology, cybersecurity, and government collaborations to drive digital evolution in Nigeria.
