Monday, September 8, 2025
27.6 C
Lagos

Nigeria, IMF Partner on Data Dissemination System

A mission of the International Monetary Fund (IMF)’s Statistics Department visited Abuja during February 15-19, 2016, to assist the authorities with the implementation of the Enhanced General Data Dissemination System (e-GDDS), which was endorsed by the Executive Board in May 2015.

The mission supported the development of the National Summary Data Page (NSDP), which will be posted on the National Bureau of Statistics website, utilizing the Open Data Platform installed with the support of the African Development Bank.

The page aims to serve as a one-stop publication vehicle for essential macroeconomic data. This makes Nigeria the largest economy in the first wave of countries in Sub-Saharan Africa to implement the recommendations of the e-GDDS.

Publication of essential macroeconomic data through the new NSDP will provide national policy makers, domestic and international stakeholders, including investors and rating agencies with easy access to information that the IMF’s Executive Board has identified as critical for monitoring economic conditions and policies.

Making this information easily accessible in both human and machine-readable formats, and based on an Advance Release Calendar will allow all users to have simultaneous access to timely data and will bring greater data transparency.

The authorities are encouraged by the progress that Nigeria has made to achieve this important milestone in its quest for better statistics.

The NSDP will give users access to full information about Nigeria’s e-GDDS data categories by April 29, 2016.

About e-GDDS
The e-GDDS was established by the IMF’s Executive Board in May 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance.

The e-GDDS superseded the GDDS, which was established in 1997. A link to the country’s NSDP will be available on the IMF’s Dissemination Standards Bulletin Board (DSBB) by April 29 2016.

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

AMCON: We Took Over Arik Due to N146bn Debt

Mr. Ahmed Kuru, Managing Director of Assets Management Corporation...

North, South East Ranks Low in Protein Consumption by 45%

The North and South East regions of the country...

BlackBerry Announces 2OO Redundancies

BlackBerry has made around 200 staff redundant at its...

‘Stability is Key to Sustainable Global Energy Future’

When looking at the global energy scene, it is...

U.S. Assures Nigerians on Transparent, Open Visa Process

U.S. consular officials have assured Nigerian visa applicants that the visa application process is open and transparent. As a result, the majority of Nigerian visa applicants are approved. Country Consular Coordinator, William Laidlaw and Abuja Consular Chief, Stacie Hankins offered insights into the U.S. visa process to journalists from Channels Television, News Agency of Nigeria, Radio Nigeria, and Punch newspaper, who received a tour of U.S. Embassy Abuja’s consular operations. The tour gave the journalists an opportunity to observe the visa process and speak with applicants about their experiences after their visa interviews.

Stanbic IBTC Graduates 2nd Batch of Digital Trainees

Stanbic IBTC Holdings PLC, a member of Standard Bank...

NCC: Nigeria to Achieve 50% Broadband Target by End 2023

L-R: Director, Public Affairs, Nigerian Communications Commission (NCC), Reuben Muoka; Chairman, Nigerian Union...

NGX Group Announces Strategic Investment in Ethiopian Securities Exchange

  Nigerian Exchange Group Plc (NGX Group), a leading integrated...
spot_img

Related Articles

Popular Categories

spot_imgspot_img