The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, in furtherance of its commitment to fostering transparency and accountability in the Nigerian economy.
The apex bank’s Acting Director, Communications Department, Mrs. Hakama Sidi Ali, stated on Tuesday that these reports, including the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators, would provide stakeholders with timely and accurate insights into the country’s economic performance.
Specifically, she disclosed that the reintroduction of these reports, which was part of the ongoing data enhancement initiative within the CBN, aimed to ensure that the public, policymakers, and the business community have access to essential economic indicators.
According to her, the PMI, which assesses the health of the manufacturing, services, and agricultural sectors, along with the business and household expectations reports, are crucial tools for understanding Nigeria’s economic climate.
The Director further clarified: “These reports offer valuable insights into the perceptions and outlooks within the business and household sectors, respectively. This initiative is part of the Bank’s broader efforts to enhance transparency, promote informed decision-making, and support economic growth.
“The reports will be periodically released on the Bank’s website (www.cbn.gov.ng), ensuring that they are easily accessible to all. The CBN encourages economists, analysts, investors, media, and the general public to use these reports to gain a more comprehensive understanding of Nigeria’s economic dynamics, thereby fostering a more inclusive economic discourse”, she added.
