Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    LG Reinforces Leadership in Nigeria’s Refrigerator Market with Award-Winning Innovation

    October 26, 2026

    AGN President Wins Bebuzee Ambassadorial Deal

    October 26, 2026

    Abuja Half Marathon In Nov Will Reward Winner With $8,000

    October 26, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Governor Dauda Lawal Signs Peace Accord Ahead of 2027 Elections, Reaffirms Commitment to Peaceful Poll

      October 20, 2026

      Ahead of 2027 Elections, INEC Forms C’ttee to Audit Warehouses, Airports, Seaports for Logistics

      October 15, 2026

      Atiku Presents Portal For Nigerians For Direct Interrogation

      October 15, 2026

      2027 Election List: INEC Reacts To Omission Of Candidates

      October 14, 2026

      INEC Distances Self From Fake 2027 Governorship Candidates’ List For Six States

      October 13, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment October 26, 2026

      AGN President Wins Bebuzee Ambassadorial Deal

      Recent

      AGN President Wins Bebuzee Ambassadorial Deal

      October 26, 2026

      WAP TV Recognized With Best Kiddies/Youth Programme of the Year, Won Other Awards in October

      October 24, 2026

      Singer Zlatan, Davita Unveil Regal Attire for Traditional Wedding

      October 24, 2026
    • Business

      LG Reinforces Leadership in Nigeria’s Refrigerator Market with Award-Winning Innovation

      October 26, 2026

      After EU Pressure, Coca-Cola, Nestle Change Plastic Recycling Claims

      October 22, 2026

      Stanbic IBTC Champions Collaboration To Transform Nigerian Research Into Commercial Opportunities

      October 22, 2026

      FAAN Starts Concession Fees Collection As FG And Bi-Courtney Settle Dispute 

      October 21, 2026

      Nigerian And Indonesian Companies Sign $10m Business Deals

      October 16, 2026
    • Health

      NOA Cautions Against Self-medication For Ebola

      October 22, 2026

      FG Moves To Contain Spread Of Ebola, Partners Uganda For Traces

      October 22, 2026

      WHO Presents New Guidance For Heat-related Illness At Mass Gatherings

      October 1, 2026

      ZAMFARA RELEASE OF FIRST BATCH OF SUCCESSFUL APPLICANTS NURSES & MIDWIVES RECRUITMENT

      September 17, 2026

      Pastor Adeboye Of RCCG Donates Three Dialysis Machines To UBTH

      September 3, 2026
    • Culture

      GLO Sponsorship Commits To 2026 Ofala Festival As It Kicks Off

      October 8, 2026

      FG Plans To Launch African Global Festival In October, Strengthens Culture, Economy

      September 25, 2026

      Awujale Stool: Ruling House Commits Trust In Leaders, Disapproves Removal

      August 13, 2026

      Osun-Osogbo 2026: Nigeria-Africa Celebrates Yoruba Historic Heritage

      August 7, 2026

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026
    • Lifestyle

      Pastor Adeboye’s Granddaughter and Partner Wed in US

      October 25, 2026

      Pa Fasoranti’s Family Declares December 17 For Late Leader’s Burial

      October 23, 2026

      Tinubu Congratulates Shettima on 60th Birthday, Calls him Patriot, Trusted Ally. 

      September 2, 2026

      Gov Dauda Lawal @ 61: A Functionalist In Power

      September 2, 2026

      Jay-Jay Okocha’s Daughter Unveils Wedding Picture In Spain

      August 31, 2026
    • Sports

      Abuja Half Marathon In Nov Will Reward Winner With $8,000

      October 26, 2026

      U-17 Women’s World Cup Round Of 16 Will Be Between Flamingos, Mexico On Thursday

      October 26, 2026

      Appearance Record Of Iwobi Calls For NFF Praise After Matching Salah’s Premier League Record

      October 26, 2026

      Watch 2026 Ballon d’or Ceremony, See Date And Time 

      October 25, 2026

      Flamingos Show Unparallel Match Beating Defending Champion To Reach World Cup Last-16

      October 24, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » Achieving $1trn Economy Will Be Dependent On Accurate, Timely Data ~ Speaker Abbas
    News

    Achieving $1trn Economy Will Be Dependent On Accurate, Timely Data ~ Speaker Abbas

    Ifetayo AdeniyiBy Ifetayo AdeniyiJune 9, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Speaker Abbas

    Says no meaningful development without reliable, timely, and credible statistical data, as statistics constitute the absolute foundation upon which governments formulate policies, allocate resources.

    Speaker of the House of Representatives, Hon. Abbas Tajudeen on Monday said for Nigeria to achieve its goal of becoming a $1 trillion economy, every policy decision, budget allocation, and infrastructural investment must be guided by data that is accurate, timely, and beyond reproach.

    Abbas stated this at the pubic hearing on the Statistics Bill, 2025, organised by the House Committee on National Planning and Economic Development in Abuja on Monday.

    He noted that no nation can achieve meaningful development without reliable, timely, and credible statistical data, as statistics constitute the absolute foundation upon which governments formulate policies, allocate resources, measure progress, monitor implementation, and evaluate outcomes.

    The speaker said the Statistics Bill, 2025 seeks to modernise the country’s statistical architecture by enhancing the efficiency, relevance, responsiveness and effectiveness of official statistics in Nigeria.

    “It aims to strengthen coordination among statistical agencies; create a unified, consistent, and actionable view of data across disparate systems; and produce high-frequency, highly granular official statistics while drastically reducing public costs and survey fatigue.

    “Furthermore, it will improve data quality assurance mechanisms, promote digital data collection and dissemination systems, and establish sustainable funding arrangements for the Bureau.

    “This legislative initiative reflects global best practices and aligns with the emerging realities of the digital age, where data has become one of the most valuable assets for national development,” he added.

    Statistician general of the federation & chief executive officer of NBS, Adeyemi Adeniran said the passage of the bill will further strengthen the national statistical system and enhance its capacity to provide the timely, reliable and credible data required for effective governance and national development.

    “As the coordinator of the National Statistical System, the National Bureau of Statistics remains committed to working with all stakeholders to support the effective implementation of the provisions of the bill,” Adeniran said.

    He recalled that the Statistics Act, No. 9 of 2007 served the country well but significant changes have occurred in the data ecosystem since its enactment.

    “The increasing use of digital technologies, administrative data systems, geospatial information, Big Data, Machine Learning, Artificial Intelligence and other emerging data sources requires a modern legal framework capable of supporting the evolving needs of the National Statistical System.

    “The Statistics Bill, 2025 presents an opportunity to strengthen the National Statistical System by providing a more robust legal framework for the production, coordination and use of official statistics,” Statistician-General added.

    In his remarks, the chairman of the House committee on National Planning and Economic Development, Hon. Gboyega Isiaka, said every successful nation is built on a foundation of reliable information, and governments can only plan effectively when they understand the realities confronting their citizens.

    He said while NBS has done a lot within the limit imposed by the existing law, which has been in use since 2007, the House found the need for a review that takes into account the requirements of the 21st Century, characterised by big data, artificial intelligence, and machine learning, among others.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleNNPC CSR Foundation Donates Advanced MRI System To Kano Orthopaedic Hospital
    Next Article Real Warri Pikin’s Dallas, Houston Tour, Records Success 
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News October 25, 2026

    EFCC Recruitment 2026 Commences, See Available Positions

    News October 24, 2026

    CBN Plans Removal Of Payment Barriers Between Nigeria-China Trade

    News October 24, 2026

    FCMB And Mastercard Expand Financing For Farmers Through Launch Of Digital Platform 

    News October 23, 2026

    Constitutional Amendment On State Police Receives 24 States’ Approval 

    News October 23, 2026

    Labour, FG Meeting End In Deadlock, Demands Wage, Fuel Prices Resolve by Tuesday

    News October 23, 2026

    Tinubu’s Reforms Yield Positive Outcome, Should Exceed 2027 ~ Chinese Envoy Claims

    Leave A Reply Cancel Reply

    Don't Miss
    Business October 26, 2026

    LG Reinforces Leadership in Nigeria’s Refrigerator Market with Award-Winning Innovation

    …BRANDCOM 2026 MoodUP™ recognition highlights LG’s commitment to smarter living, energy efficiency, and lasting value…

    AGN President Wins Bebuzee Ambassadorial Deal

    October 26, 2026

    Abuja Half Marathon In Nov Will Reward Winner With $8,000

    October 26, 2026

    U-17 Women’s World Cup Round Of 16 Will Be Between Flamingos, Mexico On Thursday

    October 26, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Active Movie Producers And Marketers Association of Nigeria (AMPMAN)

    November 16, 2021

    Ochacho’s Midas Touch As Otukpo Wears New Look

    November 16, 2021

    Henry Boyo’s Economic Warnings, Now Nigeria’s Reality

    May 18, 2026
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.