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
(YMO)-YMO, the Guinean fintech with global reach, abolishes all transfer and withdrawal fees to Guinea. A historic first for the remittance sector,...
The monthlong campaign will collect data from households and businesses. The initiative aims to improve access to financial services for vulnerable...
Subscriber base shrinks 4.4% amid taxes, regulations, and SIM rules Firm boosts investment in 5G, fintech, and regional digital platforms Sonatel,...
Zenith Bank Q3 pretax profit drops 8.4% to ₦917.4B on higher loan losses Net interest income up 50%; deposits and assets show continued growth Bank...
Most Read
01

Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...

Tunisia to Build First Fully Digital Hospital in National Health Overhaul
02

Lukoil to sell all international assets to Gunvor amid U.S. sanctions Sale includes key oil stake...

Lukoil Agrees to Sell International Assets, African Included, to Swiss Commodities Trader Gunvor
03

With COP30 approaching, the International Renewable Energy Agency is calling for a global goal: to q...

With Costs High, IRENA Urges Global Pact to Quadruple Sustainable Fuel Production
04

Indian bottler VBL signs exclusive deal to test Carlsberg sales in Africa Move aims to diversify ...

Varun Beverages partners with Carlsberg to enter Africa’s beer market
05

Annual consumer-price inflation slowed to 11.9 % in October, the weakest reading since April,...

Zambia’s Inflation Retreat Extends to Six Months as Policy Mix Gains Traction
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.