The Central Bank of Nigeria (CBN), on Tuesday, announced the reintroduction of several key economic reports to enhance 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.
Sidi Ali, Acting Director of Corporate Communications at the CBN, stated that this move is part of the bank’s ongoing data enhancement initiative, aimed at providing stakeholders with timely and accurate insights into Nigeria’s economic performance.
The PMI assesses the health of the manufacturing, services, and agricultural sectors, while the business and household expectations reports are crucial for understanding the 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, ensuring they are accessible to the public, policymakers, and the business community.
The CBN has encouraged economists, analysts, investors, media, and the general public to use these reports to gain a deeper understanding of Nigeria’s economic dynamics and promote a more inclusive economic discourse.
