Seeks support for Fintech playersThe Nigerian Communications Commission (NCC) has identified the challenges hindering data mining in the country. Data mining is defined as a process engaged or used in the extraction of usable set of information from a larger set of raw data for the purposes of information sharing. According to NCC, statistical data culled from experiences of Millennium Development Goals (MDGs) implementation in Nigeria point to critical challenges posed by lack of comprehensive, up-to date, monitored and harmonised data. The report said the duplication and control of national data by various agencies and private sector players was a challenge to data mining in the country. Despite the impressive statistics, NCC stated that Fintech start-ups still face a significant number of problems in Nigeria.

Source: The Guardian April 29, 2021 04:30 UTC