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CBN Automates Sub-National Fiscal Data Collection Across 36 States and 774 LGAs

By Trending9ja Staff • • 1 min read

CBN Automates Sub-National Fiscal Data Collection Across 36 States and 774 LGAs

The Central Bank of Nigeria (CBN) has launched a digital system for its Sub-National Fiscal Survey covering all 36 states, the Federal Capital Territory, and 774 local government areas. Channels TV reported that the initiative is designed to phase out manual reporting and modernise public financial record-keeping across the nation.

Addressing attendees at a stakeholders' forum in Abeokuta, Ogun State, the Director of the CBN Statistics Department, Dr Usman Moses Okpanachi, stated that the exercise aims to enhance the accuracy, consistency, and speed of fiscal information. He emphasized that dependable public sector figures are essential for sound economic decisions, helping policymakers evaluate revenues, expenditure patterns, liquidity, and inflation risks.

Dr Okpanachi explained that the previous paper-based survey conducted twice every year faced severe challenges regarding validation, logistics, and processing delays. Transitioning to a digital format will standardise data entry, simplify monitoring, enable traceable corrections, and support a shift toward quarterly reporting.

The CBN Director noted that while technology will streamline operations, it does not replace solid record-keeping and sound professional judgment. He called on state and local governments to appoint designated officers to manage submissions, ensure timely data validation, and maintain institutional continuity.

The nationwide training drive started on October 26, 2026, and is scheduled to finish across all states by December 4, with sessions in the FCT set for December 9 and 10. As of November 6, 2026, officers from 16 states and their respective local governments had completed the practical sessions, with high participation reported.

Sources: Channels TV

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