The Central Bank of Nigeria (CBN) has reintroduced the publication of key economic reports to foster transparency in the economy.
Acting Director, Corporate Communications Department of the CBN, Mrs Hakama Sidi-Ali disclosed this in a statement on Tuesday.
The CBN Economic Report is a compilation and analysis of economic developments in Nigeria within the review period.
The CBN said the reintroduction of the publications is a reaffirmation of the apex bank’s commitment to fostering transparency and accountability in the Nigerian economy.
The reports, according to the statement, include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators.
It read: “They will provide stakeholders with timely and accurate insights into the country’s economic performance.
“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.”
It further pointed out that 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,” Hakama-Ali said.
She further stated that the initiative is part of the apex bank’s broader efforts to enhance transparency, promote informed decision-making, and support economic growth, adding that the reports would be periodically released on the CBN’s website.
