President Muhammadu Buhari, has adviced Nigerians not to trust statistics published by world bodies such as the World Bank and the International Monetary Fund.
Buhari recommended that local institutions are better suited over foreign agencies to collate such records.
On his Twitter handle he said; “Today, most of the statistics quoted about Nigeria are developed abroad by the World Bank, IMF and other foreign bodies. Some of these statistics are wild estimates that bear little relation to the facts on the ground.”
We can only plan realistically when we have reliable data. As a government, we are taking very serious steps to improve the quality of data available for policymaking, and today I charged the Presidential Economic Advisory Council to prioritise the collection of primary data,” he added.
Meanwhile, for years the World Bank and other foreign bodies have long been seen as reliable in data gathering.
Their records are often cited across the world, with many countries using them as the primary source of authentic statistics.