The Central Bank of Nigeria, on Tuesday, announced the reintroduction of several key economic reports, stating its commitment to transparency and accountability in the nation’s economy.
These reports include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other critical macroeconomic indicators.
According to a statement on Tuesday by the Acting Director of Corporate Communications at CBN, Sidi Ali, the move is part of the CBN’s ongoing data enhancement initiative and is designed to provide stakeholders with timely and accurate insights into Nigeria’s economic performance.
The PMI, which evaluates the health of the manufacturing, services, and agricultural sectors, along with the business and household expectations reports, are essential tools for understanding the country’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.
These reports will be periodically released on the CBN’s official website, making them accessible to the public, policymakers, and the business community.
Accordingly, the CBN encouraged economists, analysts, investors, the media, and the general public to utilise the reports to gain a deeper understanding of Nigeria’s economic dynamics to foster a more inclusive economic discourse.
