In the wake of the National Bureau of Statistics website hack, the Nigerian Marketing Research Association has announced that it will offer an alternative to economic statistics from the private sector.
The NBS website has been unavailable since December 18, 2024.
In a phone conversation, NIMRA President Seyi Adeoye informed PUNCH that the incident demonstrated the necessity of private sector involvement in supplying economic data alongside the NBS to support business and government decision-making.
Adeoye said,
He condemned the NBS website hack while acknowledging it gave urgency to the need for alternatives.
It was previously stated that NIMRA had revealed plans to support trustworthy data and market insights during its 2024 Annual General Meeting to aid in the nation’s economic development.
The necessity of making more datasets available to the public, such as household spending and other socioeconomic classification data, was emphasized by NIMRA.
The head of NIMRA pointed out that several major, local data-gathering organizations are needed to aid in comparison and analysis.
He added,
According to Adeoye, NBS will work with the marketing research body, which will bring the agency and private practitioners together to jointly develop data points.
The president of NIMRA also acknowledged the worldwide threat posed by cyberattacks and called for further investment in cyber security as crucial in the data age.
TimesNow.com.ng reported that the country’s Gross Domestic Product, or GDP, will now take into account illicit and covert activities including pr*stitution and drug sales.
This is according to a statement released by the National Bureau of Statistics, or NBS.
NBS disclosed this at a sensitization workshop on GDP and Consumer Price Index, CPI Rebasing organised in collaboration with the Nigerian Economic Summit Group (NESG).
Source: TimesNow.com.ng
