April 1, 2025
Nigeria Needs $10–$15 Million Annually to Improve Statistical System, Says World Bank
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Nigeria Needs $10–$15 Million Annually to Improve Statistical System, Says World Bank

Nigeria Needs $10–$15 Million Annually to Improve Statistical System, Says World Bank

The World Bank’s Practice Manager for West and Central Africa, Johan Mistiaen, has emphasised the need for Nigeria to invest between $10 million and $15 million annually in its statistical system to match the performance of its aspirational peers.  

Speaking during a meeting with the Minister of Budget and Economic Planning, Atiku Bagudu, in Abuja, Mr Mistiaen highlighted gaps in Nigeria’s statistical framework, noting that it lags behind countries such as Mexico, Colombia, South Africa, and Brazil.  

Also Read: IMF Raises Nigeria’s Growth Forecast To 3.3% On Oil, Improved Agric Output, Security

The Statistician General of the Federation, Adeyemi Adeniran, acknowledged recent improvements in government funding for statistical agencies, stressing that sustained investment in data collection and analysis would support economic growth and national development.

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