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Bullion

Keywords

Agriculture, Information Management System, Data, Specialized Institutions.

Abstract

The paper examines the general deplorable situation with respect to accumulation of suitable statistical information in the country which has been of grave concern to agriculturalist, economists, business and institutions which need such information for their operations. Many specialized institutions, including the Central bank of Nigeria have, over the years, had their share of bad experience with inadequacy of data, especially with respect of monitoring the performance of the economy and evaluating the impact of policy measures adopted by the government. The main objective of this paper is to explore ways of minimizing identified problems, including the meeting of the data needs of specialized institutions and how to ensure flexibility of the system. This paper is divided into four sections. Section I highlights the perceived role of individual agencies and their links with National Agricultural Information Management System to ensure flexibility of the system. Section II dwells on the data needs of specialized institutions and characteristics and uses of the data produced by an institution such as central bank. The third section discusses the relevance of a functional National Agricultural Information Management System to the central bank and other specialized institutions in the economy in general while section IV concludes the paper and provides some suggestions for further enrichment of the National Agricultural Information Management System.

Author Bio

The authors are staff of Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

3

Volume

16

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