Public Management

Nigeria to pump $4mln into the National Transport Data Bank

Nigeria to pump $4mln into the National Transport Data Bank
Friday, 16 October 2020 18:06

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Visa promotes risk-based compliance to strengthen oversight and trust Initiative targets AML gaps as DRC remains on FATF gray list Banks face...
Speedinvest, the Vienna VC firm, opened its first dedicated MEA fund last week, anchored by EIB Global, Mubadala and Qatar Investment...
Funding targets financial inclusion through Morocco’s insurance sector Program focuses on underserved populations, including women and...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took over Servair's Ivorian fast-food business hours...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
03

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
04

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
05

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.