Press Release: Nigeria to Implement the IMF’s Enhanced General Data Dissemination System
IMF News, February 24, 2016
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- Press Release: Nigeria to Implement the IMF’s Enhanced General Data Dissemination System
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- Published: February 24, 2016
Mission and implementation support
- Press Release No. 16/75, February 24, 2016.
- A mission of the IMF’s Statistics Department visited Abuja during February 15-19, 2016 to assist the authorities with implementation of the Enhanced General Data Dissemination System (e-GDDS).
- The mission supported development of the National Summary Data Page (NSDP), which will be posted on the National Bureau of Statistics website using the Open Data Platform installed with support of the African Development Bank.
- Contact for media: IMF COMMUNICATIONS DEPARTMENT, Media Relations, E-mail: media@imf.org, Phone: 202-623-7100.
Objectives and significance of the NSDP
- The NSDP is intended as a one-stop publication vehicle for essential macroeconomic data.
- This makes Nigeria the largest economy in the first wave of countries in Sub-Saharan Africa to implement the recommendations of the e-GDDS.
- Publication of essential macroeconomic data through the NSDP aims to provide national policy makers, domestic and international stakeholders, including investors and rating agencies, with easy access to information identified by the IMF’s Executive Board as critical for monitoring economic conditions and policies.
Data accessibility and transparency features
- The NSDP will make information easily accessible in both human and machine-readable formats.
- The NSDP will be based on an Advance Release Calendar to allow all users to have simultaneous access to timely data and to bring greater data transparency.
Deadlines and dissemination
- The authorities will provide users access to full information about Nigeria’s e-GDDS data categories by April 29, 2016.
- A link to the country’s NSDP will be available on the IMF’s Dissemination Standards Bulletin Board (DSBB) by April 29 2016: at http://dsbb.imf.org.
Background on e-GDDS
- The e-GDDS was established by the IMF’s Executive Board in May 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance.
- The e-GDDS superseded the GDDS, which was established in 1997.
International Monetary Fund press release