CBN Digitalises Fiscal Data Collection in Nigeria

The Central Bank of Nigeria (CBN) has announced a move towards digitalising fiscal data collection in Nigeria, according to reports from Voice of Nigeria and TheCable. This initiative, implemented through the CBN’s Statistics Department, aims to replace the largely manual reporting system currently in place, with the goal of enhancing the country’s economic data architecture. The digitalisation is expected to be rolled out across the 36 states, the Federal Capital Territory (FCT) and 774 local government areas nationwide. This shift is seen as a significant step towards modernising Nigeria’s financial reporting system and improving data accuracy and efficiency. The CBN has not yet disclosed when the facility began operating or provided further details about the digitalisation process. More information is expected in the coming weeks.