Log inLog Out
For YouPoliticsEntertainmentRelationshipLifestyleSportsTechnology
UNRELIABLE! Buhari Confronts World Bank, IMF, Accuse Them Of Giving Inaccurate Statistics About Nigeria

Deen

Oct. 10, 2019

President Muhammadu Buhari on Wednesday characterized stastistics provided by the World Bank, the International Monetary Fund (IMF) and other foreign bodies about Nigeria -- as inaccurate and unreliable.
"Today, most of the statistics quoted about Nigeria are developed abroad by the World Bank, IMF and other foreign bodies. Some of the statistics we get relating to Nigeria are wild estimates and bear little relation to the facts on the ground," the President said shortly after inaugurating the Presidential Economic Advisory Council in Abuja.
Buhari who set the agenda for the eight-member team chaired by Doyin Salami, a professor at the Lagos Business School, tasked them to prioritise generating authentic data that would inform the creation of home-grown solutions that are suitable and sustainable to a glut of Nigerian's socio-economic challenges.
“This is disturbing as it implies, we are not fully aware of what is happening in our own country.
“We can only plan realistically when we have reliable data," he added.
His words:
“I am pleased to hear you mention the need for us to domesticate our policies to reflect our local realities. We are grateful for the cooperation we are getting from our friends abroad but we must move forward with homegrown solutions. This is the only way to ensure the suitability and sustainability of policies,” he said.
“Suitability is essential for effective implementation while Sustainability is critical as any decision made today will impact future generations.
“As you develop your baseline study, I would like you to focus on primary data collection. Today, most of the statistics quoted about Nigeria are developed abroad by the World Bank, IMF and other foreign bodies. Some of the statistics we get relating to Nigeria are wild estimates and bear little relation to the facts on the ground.
“This is disturbing as it implies, we are not fully aware of what is happening in our own country.
“We can only plan realistically when we have reliable data. As you are aware, as a government, we prioritised agriculture as a critical sector to create jobs and bring prosperity to our rural communities.”
The World Bank and other international agencies had continued to provide statistic about Nigeria.
In April, the World Bank said Nigeria’s economy has performed below par since 1995.
VIRAL VIDEO: MUST SEE! Why I Introduced Bill For Payment Of Tax On GSM Calls, Data- Senator Ali Ndume   
0
Comments
Sign in to post a message
You're the first to comment.
Say something
Recommend
Log in