The Central Bank of Nigeria (CBN) has reinstated the publication of several key economic reports, highlighting its dedication to enhancing transparency and accountability in the nation’s economy.
In a statement issued on Tuesday by the Acting Director of Corporate Communications, Hakama Ali, the CBN confirmed that reports such as the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators will once again be available to provide stakeholders with timely and accurate data on Nigeria’s economic performance.
“The reintroduction of these reports is part of the ongoing data enhancement initiative within the CBN, aimed at ensuring that the public, policymakers, and the business community have access to vital economic indicators,” the statement read.
The PMI, which evaluates the health of the manufacturing, services, and agricultural sectors, along with the business and household expectations reports, are critical tools for assessing Nigeria’s economic climate.
These reports offer valuable insights into the perceptions and outlooks within the business and household sectors.
This move is a component of the Bank’s broader strategy to enhance transparency, promote informed decision-making, and support economic growth.
The reports will be periodically published on the Bank’s website (www.cbn.gov.ng), making them easily accessible to all.
The CBN encourages economists, analysts, investors, media, and the general public to utilize these reports to gain a more comprehensive understanding of Nigeria’s economic dynamics, thereby fostering a more inclusive economic discourse.
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