The World Bank has highlighted Nigeria’s inadequate statistical performance compared to peers like Mexico and South Africa. A World Bank delegation, led by Country Director Ndiame Diop, suggested an annual investment of $10-$15 million in Nigeria’s statistical system. Minister Bagudu confirmed the government’s commitment to the NBS’s independence, while the Statistician-General noted that increased investment would facilitate national growth.
The World Bank has raised concerns regarding Nigeria’s statistical performance, indicating that the nation falls short compared to similar countries like Mexico, Colombia, South Africa, and Brazil. This issue was highlighted during a courtesy visit to Senator Abubakar Bagudu, Nigeria’s Minister of Budget and Economic Planning, by a World Bank delegation, led by Country Director Ndiame Diop and West and Central Africa Practice Manager, Mr. Johan Mistiaen.
In his presentation titled “Next Level Statistics to Support Nigeria’s Reform and Growth Agenda,” Mr. Johan Mistiaen emphasized that Nigeria’s statistical system does not meet the standards of its developmental peers. He recommended an annual investment of $10 million to $15 million in Nigeria’s statistical infrastructure, which could greatly enhance performance and align Nigeria with its aspirational counterparts.
Minister Bagudu responded by assuring continued support for the independence of the National Bureau of Statistics (NBS). He praised the Bureau for its consistent delivery of credible data that has garnered the trust of reputable international organizations, reinforcing that there would be no government interference in its operations.
Prince Adeyemi Adeniran, the Statistician-General of the Federation and CEO of the NBS, acknowledged that enhanced investment in statistics is essential for national growth and development. He expressed appreciation for the government’s increased budgetary allocation to the NBS, the highest in a decade, while noting that further funding and partnerships with development agencies could lead to even more significant outcomes.
The World Bank’s concerns regarding Nigeria’s statistical quality underscore the need for substantial investment in the nation’s statistical infrastructure. With recommended annual investments, Nigeria could elevate its statistical system to match its peers, supporting informed decision-making and national development. The government’s commitment to the independence of the NBS and its financial backing are essential steps toward achieving this goal.
Original Source: punchng.com
