CBN digitalises fiscal data collection across 36 states, FCT and 774 LGAs
AI Executive Briefing
Gemini Flash AI~45s readThe Central Bank of Nigeria (CBN) has launched a digital transformation initiative to modernize fiscal data collection across all 36 states, the FCT, and 774 LGAs. This move replaces manual reporting with a digital platform designed to improve data accuracy, validation, and the frequency of reporting from twice-yearly to quarterly.
Context & Background
- ✦The initiative is part of the CBN's broader data architecture and transformation agenda to improve macroeconomic management.
- ✦It aligns with a September Memorandum of Understanding between the Federal Government and the CBN to improve coordination between fiscal and monetary authorities.
Key Figures & Named Entities
•Dr. Usman Moses Okpanachi, Director of the CBN Statistics Department, is leading the implementation and stakeholder engagement.•The training sessions cover 36 states, the FCT, and 774 LGAs, with 16 states completed as of November 6, 2026.
Outlook & Next Steps
The CBN will continue training sessions through December 10, 2026, after which participating officers will begin submitting fiscal returns via the digital platform for consolidation into a national report.
Key Takeaways
AI Summary- The CBN is transitioning from manual Sub-National Fiscal Survey reporting to a digital platform to enhance the accuracy and frequency of public finance data.
- The initiative covers all 36 states, the FCT, and 774 LGAs, aiming to shift reporting from a twice-yearly manual process to a more efficient quarterly digital cycle.
- The digital platform aims to resolve long-standing issues with submission timelines, data validation, and logistics, ultimately supporting better evidence-based policymaking.
Key Facts:October 26, 2026: The nationwide stakeholder engagement sessions for the digital survey began.November 6, 2026: The exercise had successfully covered 16 states and their respective local governments.December 9 and 10, 2026: The engagement sessions are scheduled to conclude in the FCT.
Editorial Excerpt
The Central Bank of Nigeria (CBN) is digitalising fiscal data collection across the 36 states, the Federal Capital Territory (FCT) and 774 Local Government Areas (LGAs) to improve the accuracy and timeliness of public finance information.
Frequently Asked Questions About This Story
Why is the CBN replacing the manual fiscal survey process?
The manual process faced significant challenges regarding submission timelines, logistics, data validation, and processing, which the new digital platform aims to resolve through standardized entry and traceable corrections.
What is the expected outcome of the digital fiscal data collection initiative?
The initiative is expected to provide more reliable information for state and local government planning, budgeting, and policy evaluation, while strengthening data for monetary and fiscal policy decisions.
