NBS to start dissemination of multi-dimensional poverty index report in Q1 2023

The National Bureau of Statistics, NBS says it will begin the zonal dissemination of its multi-dimensional poverty index report in the first quarter of 2023.

The Statistician General of the Federation and Chief Executive Officer, NBS, Mr Semiu Adeniran, made the announcement at the Meeting of the National Consultative Committee of Statistics, NCCS, in Lagos with the theme; the direct implication of sectorial statistics in curbing inflation”.

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He explained that the national MPI currently stands at 0.257 indicating that poor people in the country experience just over one quarter of all possible deprivations.

The Statistician General maintains that the Bureaus MPI report includes the Nigerian living standard survey and the Nigerian labor force survey which together with the World Bank will also provide detailed households information and insights into labor and Welfare conditions in the country.

According to Mr Adeyemi Adeniran, the Nigerian Labour Force Survey, NLFS, is a strategic survey designed to collect and analyse labour market statistics for the country, including the widely anticipated headline unemployment and underemployment rates.

He pointed out that While the unemployment and underemployment rates are very important figures that indicate the number of persons economically engaged, the NLFS also contains a lot more equally important information that offers useful insight into the health of the labour market in Nigeria.

Mr Adeyemi Adeniran expressed optimism that these surveys, in addition to other data collection activities would provide government with the information required to address the impacts of inflation, among other conditions, that lead to a gradual month-on-month basis decline in the growth rate.