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2019: FG to spend N1.02bn on unemployment survey, others

The Federal Government is planning to spend about N1.02bn to conduct twelve economic surveys through the National Bureau of Statistics in the 2019 fiscal period.

The amount is contained in the 2019 budget proposal which was submitted by President Muhammadu Buhari to the National Assembly.

The 2019 budget has an estimate of N8.83tn made up of N4.04tn for recurrent expenditure, N2.03tn for capital expenditure and N2.14tn for debt servicing, among others.

An analysis of the budget showed that the N1.02bn is captured under the budget of the National Bureau of Statistics.

The total budget of the NBS is estimated at N5.25bn made up of N1.02bn for capital expenditure while the balance of N4.23tn is for recurrent expenditure.

A breakdown of the N1.02bn showed that the highest amount of N373.2m is being proposed to conduct job creation and labour force survey. The job creation survey measures the level of unemployment in the country.

This is followed by socioeconomic survey with N121.45m.

Further analysis of the budget showed that about N63.7m is budgeted for manufacturing sector survey while price statistics which measure inflation rate and trade statistics which measure the country’s volume of trade are to gulp N52.5m and N15m respectively.

Also, the Federal Government is proposing to spend N50m on National Accounts Statistics, while Sustainable Development Goals statistics is to gulp N13.5m.

In the same vein, the sum of N7.4m is to be spent on social statistics, solid minerals and mining survey N81.12m, creative industry survey N96.23m, and Nigeria Living Standard Survey N20.3m.

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Also, the sum of N21m is being proposed for Information and Communications Technology survey while systems of administrative statistics and National Consultative Committee on Statistics have an allocation of N100.45m.

Meanwhile, the NBS will this year release about 179 reports covering various sectors of the Nigerian economy.

An analysis of the data release calendar of the NBS showed that about 47 different reports would be issued on various sectors of the economy in the first quarter of this year.

Some of them are the Consumer Price Index report, Capital Importation Report, Job Creation report, Pension Asset Report and Gross Domestic Product report, among others.

In the second quarter of this year, about 45 report covering various aspects of the economy would be released.

For the third quarter, the NBS will be releasing 47 various reports while the fourth quarter is expected to see the release of 40 different reports on the economy.

News Reporter

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