The Basic Registry and Information System (BRISIN) could earn Nigeria $600 million and create 10 million jobs, according to Dr. Anthony Uwa. Approved in 2007, its implementation has faced delays from the Federal Ministry of Budget and Economic Planning. Experts argue that activating BRISIN is essential for economic growth, improved governance, and international credibility.
The activation of the Basic Registry and Information System (BRISIN) could be a game-changer for Nigeria’s economy, potentially generating $600 million in intervention funds and creating over 10 million jobs, as outlined by Dr. Anthony Uwa, the Head of BRISIN, during a recent press briefing in Abuja.
BRISIN is an ambitious integrated data and information system designed for the daily collection, storage, and dissemination of crucial economic data. Originally approved in 2007 under the administration of former President Olusegun Obasanjo, the project has seen various phases of development under different administrations, including a pilot scheme initiated by President Muhammadu Buhari’s government in 2018.
Uwa expressed frustration regarding delays from the Federal Ministry of Budget and Economic Planning which are hindering the implementation of the BRISIN project. He emphasized the critical need for this system to facilitate economic development, citing numerous potential benefits such as job creation, enhanced access to credit, and improved national development.
With its activation, Uwa forecasted potential improvements in security, social welfare, economic planning, and rural development. He firmly believes that BRISIN would establish a robust foundation for sustainable growth across all levels of governance in the country. He also noted that intervention funds are anticipated from Italy to help further support the project.
If fully realized since its inception, Uwa asserted that BRISIN could have significantly improved governance, along with economic monitoring and control, while curtailing crime and corruption, ultimately leading to sustainable development. He stressed that the project is coordinated by the National Planning Commission, functioning under the Ministry of Budget and Economic Planning.
Additionally, Lorenzo Santangelo, Director of Solution Providers (Dermo Impex), spoke about the importance of BRISIN. He pointed out that Nigeria lacks a functional basic registry system, which hampers international credibility and economic progress. The implementation of BRISIN could enhance the transparency, accountability, and credit access that businesses desperately need.
Santangelo urged the Nigerian government to prioritize the activation of BRISIN to harness its promising economic benefits, which could pave the way for additional funding and investment opportunities.
In summary, the activation of BRISIN presents significant economic opportunities for Nigeria, potentially creating millions of jobs and attracting substantial intervention funds. The continued delays in implementation, however, pose a serious challenge to realizing these benefits. Urging swift action from governmental bodies could lead to enhanced governance and transparency, necessary for driving sustainable development in the nation.
Original Source: guardian.ng
