The development of the National Transport Data Bank in Nigeria is one of the priority investments in the 2021 budget, the bill for which was recently submitted to the National Assembly.
According to the Minister of Finance and Budget Zainab Shamsuna Ahmed (pictured), 1.51 billion naira ($4 million) will be allocated for the development of the database.
Created by a multidisciplinary team of statisticians, computer scientists, and economists, this bank will be a decision-making tool for the programming of national sectoral policies. Once operational, it will guarantee the centralization, non-redundancy, and harmonization of information from various state and non-state sources.
Let’s note that a preliminary field survey was initiated in November 2015 by the Nigerian Institute of Transport Technology (NITT), in partnership with the National Bureau of Statistics (NBS) for the feasibility of this project. The transport sector contributes about 1.6% to Nigeria's nominal GDP.
Romuald Ngueyap
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Egypt approves 5.1 trillion pound budget for 2026/2027 Spending prioritizes health, education, social protection, economic growth Revenues projected...
The DFC plans to convert a $31M loan into equity in Syrah Resources, targeting a 20% stake in the Balama graphite mine in Mozambique. The deal...
Growth driven by reforms, mining income, improved tax administration S&P affirms B+ rating, revises outlook to positive Guinea's public revenue...
New unit targets overseas electricity projects and technical services Projects underway in Niger and Mozambique support expansion strategy Algeria's...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...