By Stanley Onyeka, Lagos
The Central Bank of Nigeria (CBN), today, announced the reintroduction of the publication of several key economic reports, thereby reaffirming its commitment to fostering transparency and accountability in the Nigerian economy.
A statement by the Ag. Director, Corporate Communications, Hakama Ali, listed the reports to include:
- the Purchasing Managers’ Index (PMI),
- Business Expectation Survey (BES),
- Inflation Expectation Report,
- and other macroeconomic indicators,
Ms. Ali said these reports “will provide stakeholders with timely and accurate insights into the country’s economic performance.”
She added that “The reintroduction of these reports, part of the ongoing data enhancement initiative within the CBN, aims to ensure that the public, policymakers, and the business community have access to essential economic indicators.”
Specifically, she said 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.
She continued: “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.”
Therefore, 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.
The reintroduction of these reports, part of the ongoing data enhancement initiative within the CBN, aims to ensure that the public, policymakers, and the business community have access to essential economic indicators.
