The World Bank has highlighted Nigeria’s inadequate statistical performance compared to peers like Mexico and South Africa, suggesting an annual investment of $10-$15 million for improvement. Minister Bagudu reaffirmed government support for the National Bureau of Statistics’ independence, while NBS officials emphasized the importance of continued funding and development partnerships.
The World Bank has raised concerns about the quality of statistical performance in Nigeria, highlighting its deficit compared to countries such as Mexico, Colombia, South Africa, and Brazil. This issue was discussed during a meeting between World Bank officials and Nigeria’s Minister of Budget and Economic Planning, Senator Abubakar Bagudu, where Country Director Ndiame Diop and Practice Manager Johan Mistiaen presented their findings.
Ndiame Diop and Johan Mistiaen emphasized the need for significant improvement in Nigeria’s statistical systems. In Mistiaen’s presentation, he recommended an annual investment ranging from $10 million to $15 million to enhance the country’s statistical infrastructure, which would help elevate performance to match that of its international peers.
Minister Bagudu assured the World Bank delegation of the Federal Government’s commitment to maintain the independence of the National Bureau of Statistics (NBS). He praised the Bureau for its integrity in producing credible data and highlighted the necessity of ongoing financial and technical support from international bodies like the World Bank for institutional development.
Prince Adeyemi Adeniran, the Statistician-General of the Federation, articulated that increased investment in statistical capabilities is vital for national growth. While appreciating the recent boost in budgetary support from the government, he underscored the need for sustained funding and collaboration with development partners to achieve more significant outcomes from the NBS.
The World Bank’s concerns about Nigeria’s statistical quality bring attention to gaps that need addressing, paralleling Nigeria with its peers. A suggested investment of $10-$15 million annually may bolster the statistical infrastructure, while government commitment to NBS independence is crucial for enhancing credibility. Overall, improved funding and partnerships are essential to advancing Nigeria’s statistical capabilities, thereby fostering national development.
Original Source: punchng.com
