The National Bureau of Statistics (NBS) just dropped its first set of crowd-sourced price data, marking a bold leap into real-time, tech-powered economic tracking. Announced Tuesday, this move is part of NBS’s push to make price monitoring faster, fresher, and more transparent.
“This isn’t just about numbers—it’s about using innovation to tell Nigeria’s economic story better,” said Statistician-General Prince Adeyemi Adeniran.
The data, collected daily from markets, shops, and supermarkets in all 36 states and the FCT, gives up-to-the-minute insights into the prices of everyday staples like rice, beans, maize, and yam. Unlike the traditional CPI, which samples prices at specific times and places, this initiative pulls real-world data from everyday shoppers.
The public can access the dashboard, track prices live, and even join in by submitting their own updates. The Bureau says it’s all about openness, accuracy, and giving Nigerians the tools to understand their economy in real time.
