HomeTrendingAbbas: Nigeria Needs Modern Data System to Achieve $1tn Economy

Abbas: Nigeria Needs Modern Data System to Achieve $1tn Economy

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Speaker of the House of Representatives, Tajudeen Abbas, has warned that Nigeria cannot achieve its ambition of becoming a $1 trillion economy without a credible and modern statistical framework.

Speaking at a public hearing on the proposed Statistics Bill, 2025, Abbas said the legislation would repeal the outdated Statistics Act of 2007 and introduce a new legal structure to strengthen the National Bureau of Statistics (NBS), improve data governance, and ensure sustainable funding.

Represented by House Leader Prof. Julius Ihonvbere, Abbas stressed that accurate data is essential for national planning. 

“To plan without accurate data is to build a house on quicksand,” he said, adding that every policy decision and investment must be guided by reliable statistics.

The bill seeks to modernize Nigeria’s statistical system by promoting digital data collection, enhancing coordination among agencies, and aligning with global standards. 

Abbas described it as a “complete structural overhaul” to meet the demands of the digital age,

This post was originally published on this site.

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