Nigeria, April 30 -- In a landmark move to modernize Nigeria's economic data collection and enhance transparency, the National Bureau of Statistics (NBS) has rolled out its first-ever crowdsourced price monitoring initiative.

This cutting-edge project enables the agency to publish daily price movement data collected directly from Nigerians nationwide, marking a shift from the traditional monthly Consumer Price Index (CPI) reports.

Unlike the established CPI reports, which are released monthly, this new initiative collects real-time price information daily, drawing data from diverse sources, including local markets, supermarkets, neighborhood shops, street vendors, discount stores, and large retail outlets. The goal is to provide a more ...