The National Bureau of Statistics (NBS) has launched a new system that involves every Nigerian to help track food prices and the cost of other items across the country.
Instead of relying only on government officials to gather prices once a month, this fresh initiative uses crowd-sourcing — meaning Nigerians from all walks of life can now contribute real-time data on what things cost in their markets and shops.
The Statistician-General of the Federation, Prince Semiu Adeniran, called it “a major step forward” in using technology and innovation to improve the accuracy and speed of Nigeria’s economic data.
“This is not the same as the regular Consumer Price Index reports,” said NBS spokesperson Folorunso Alesanmi. “This new data is collected every single day, from people shopping or selling in open markets, supermarkets, roadside stalls — anywhere that prices are changing.”
Already, the Bureau is releasing price updates on everyday food items like rice, beans, garri, yam, and maize — giving Nigerians and policymakers a clearer picture of what’s really happening on the ground.
To ensure the data remains trustworthy, the NBS has set up checks and validation steps. Plus, the daily price updates are publicly available on a new online dashboard where anyone can view and download the information in real-time.
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Beyond improving statistics, the NBS says this effort is about including more voices in building the nation’s economy. “We invite citizens to send in price data and give feedback,” the agency added.
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