The Central Bank of Nigeria (CBN) has announced the reintroduction of the publication of several key economic reports, as a way of showing its commitment to fostering transparency and accountability in the
Nigerian economy.
These reports, including the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators, will provide stakeholders with timely and accurate insights into the country’s economic performance.
A statement today, August 13, by the apex Bank spokesperson, Hakama Sidi Ali, said that the reintroduction of these reports is part of the ongoing data enhancement initiative within the CBN, and is aimed at ensuring that the public, policymakers, and the business community have access to essential economic indicators.
“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.
“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 statement said that 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 therefore, encourages economists, analysts, investors, media and the general public to use the reports to gain a more comprehensive understanding of Nigeria’s economic dynamics to foster a more inclusive economic discourse.
