Monday, March 17, 2014

"NIGERIA CANNOT BECOME AN EMERGING ECONOMY WITHOUT BECOMING A DATA-DRIVEN SOCIETY"

Nigerian government has no accurate nor an exact data of almost everything that she plans for as a nation of 54 years old. Nigerian government has no accurate data of her own national population in 2014. Nigerian government does not know the number of Nigerians that live in the diaspora at the moment. There is no exact data of the nation's birth rate, death rate, immigration rate and emigration rate.
 Nigerian government cannot tell Nigerians the exact amount of money that is in her foreign reserves at anytime. Nigerian government does not have the exact data for the number of Nigerians locked up in the foreign prisons. Nigerian government does not know the exact amount of money that Nigerians in diaspora remit back to Nigeria yearly.

Nigerian government does not have an up-to-date data of her national poverty rate, unemployment rate, crime rate, university graduation rate, high school graduation rate, the monthly job creation and losses, number of retirees, number of students, number of public sector workers as well as the private sector workers also. The country has no accurate data of the number of the nation's tax payers, amount of the taxes that are collected yearly and the number of the registered businesses operating in Nigeria in 2014. Nigeria does not know the number of the men and officers in her own army, air force, navy, police, SSS and the other state security agencies. Nigeria government does not know how many barrels of her oil are lost daily, monthly and yearly to oil theft.

Nigerian government does not know how much money is laundered abroad yearly through her banks or the value of the goods that are smuggled yearly into Nigeria through her porous land, air and sea borders. Nigerian government has no data on her yearly brain drain rate or on the numbers of her home based professionals, such as, doctors, lawyers, teachers, university professors, accountants, pilots, IT experts, pharmacies and nurses. The truth is that no nation in this information age can properly plan if she is not totally data-driven. The plan to make Nigeria to become one of the emerging economies of the 21st centuries is an illusion as it stands today. Nigerian government will not be able to manage her state resources effectively and will not be able to prevent wastage, resource mismanagement and official corruption without using the accurate data to do her national planning effectively as well as her policies implementation.

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