World Bank, IMF ‘publishing inaccurate data about Nigeria’ — Buhari
NEWS DIGEST – President Muhammadu Buhari has urged Nigerians to be wary of statistics from international bodies such as the World Bank and the International Monetary Fund (IMF).
The president played up the significant role which an accurate collection of data can play in the country’s social and economic planning but recommended that local institutions are better suited over foreign agencies to collate such records.
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“Today, most of the statistics quoted about Nigeria are developed abroad by the World Bank, IMF and other foreign bodies. Some of these statistics are wild estimates that bear little relation to the facts on the ground,” Mr Buhari said on Twitter Wednesday afternoon.
The president said he had raised the matter with the recently-constituted economic council and urged them to prioritise a framework on data collection that would make national planning and policymaking more feasible.
“We can only plan realistically when we have reliable data. As a government, we are taking very serious steps to improve the quality of data available for policymaking, and today I charged the Presidential Economic Advisory Council to prioritise the collection of primary data,” he added.
