 The World Bank has given kudos to the Nigeria Living Standard Survey and the Nigeria Labor Force Survey, set to kick off by the Nigeria Bureau of Statistics. Country director of the World Bank, Dr. Shubham Choudhury, said no country can manage its economy properly without accurate data and other economic indices that will aid government in planning and budgeting. Plus TV Emanuel Ahijane completes the report. Accolades have thrilled unveiling of the Nigeria Standard of Living Survey and that of the Nigeria Labor Force at the sensitization workshop in Nabuja, organized by the National Bureau of Statistics. In his welcome address, the NBS bus, Print Adeyemi Adinirong, said a lot of planning and training has been proved in place to ensure a successful NH3 exercise. Extensive training for the feed passenger for both services has also been conducted. We just completed the training of the operators for the NLSS this week with adequate feed practical and testing of the passenger to ensure that they are suitable and get ready to collect data across the state. The country director of the World Bank commended the National Bureau of Statistics for embarking on the surveys, while emphasizing the importance of data collection and the planning and budgeting by any government. And I think so, this whole idea of using data, robust data, not fake data, we're using robust data to inform government and to also hold government accountable for delivery. I think it has to be part of the solution or what it will take going forward to restore the trust and faith. In their Goodwill messages, major stakeholders commended the initiative by the NBS, stating that its application will be a useful indicator for macroeconomic accounting and planning, while calling for agency cooperation. Specifically, the Living Standards Survey served as a useful input into the compilation of economic indicators like the GDP and the Algebra Prize Index. The commission has also facilitated the success of this process because we've been partnering and providing the listing exercise, the building number and household exercise, providing the maps, the digital maps that have been used for the current national framework that is existing for the annual eradication for the country. So many of the people within the informal sector do not really pay revenue. They don't pay taxes, I mean. The ones will be pleased if you can look at that and see how some of these people can even be brought in within the tax net. The Nigeria Living Standards Survey kicked off on Friday, 25th of November, and it's expected to last for 12 months, while the Niger Labor Force Survey has started already with termination dates set for October of 2023. Hello. Hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.