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The World Bank has highlighted concerns over Nigeria’s statistical performance, emphasizing that the country is lagging behind its aspirational peers, including Mexico, Colombia, South Africa, and Brazil.
During a courtesy visit to the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, a World Bank delegation, led by Country Director Ndiame Diop and Practice Manager for West and Central Africa Johan Mistiaen, stressed the urgent need for improved investment in Nigeria’s statistical infrastructure.
Strengthening Nigeria’s Statistical Capacity
In a presentation titled “Next Level Statistics to Support Nigeria’s Reform and Growth Agenda,” Mistiaen pointed out that Nigeria’s statistical system does not match the capabilities of its developmental counterparts. He proposed that an annual investment of $10 million to $15 million could significantly improve the country’s data collection and analysis capabilities, aligning Nigeria with its global peers.
“Investing about $10-15 million annually into Nigeria’s statistical system could elevate its performance to match that of its aspirational peers,” the statement read.
Government Commitment to Statistical Independence
In response, Minister Bagudu reaffirmed the Federal Government’s commitment to maintaining the independence of the National Bureau of Statistics (NBS). He commended the agency for consistently producing reliable and methodical data used by international organizations.
Bagudu also assured that the government would not interfere in the operations of the NBS, allowing it to function with credibility and transparency. Additionally, he expressed gratitude to the World Bank for its continued financial and technical support, describing it as essential for strengthening Nigeria’s statistical institutions.
Boosting National Growth Through Data Investment
The Statistician-General of the Federation and NBS Chief Executive, Prince Adeyemi Adeniran, emphasized the critical role of increased investment in enhancing national development. He acknowledged the Federal Government’s efforts in raising NBS’s budgetary allocation to its highest level in a decade.
“With sustained funding and stronger collaborations with development agencies, the NBS can deliver even more impactful results,” Adeniran stated.
As Nigeria seeks to improve policy-making, economic planning, and governance through data-driven decisions, the proposed investment in statistical infrastructure will play a crucial role in strengthening the country’s economic development agenda.
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