The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports.
According to a statement on Tuesday signed by Sidi Ali
Hakama, CBN’s acting director of corporate communications, this initiative is
part of its broader efforts to enhance transparency, promote informed
decision-making and support economic growth.
CBN said these reports, including the purchasing managers’
index (PMI), business expectation survey (BES), inflation expectation report
and other macroeconomic indicators, 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 CB, aims to ensure that the public,
policymakers, and the business community have access to essential economic
indicators,” CBN 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.
“These reports offer valuable insights into the perceptions
and outlooks within the business and household sectors, respectively.”
The apex bank said the reports will be periodically released
on its website, making them easily accessible to the public.
CBN reaffirmed its commitment to fostering transparency and
accountability in the Nigerian economy.
It urged 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 last PMI report and business expectation survey released
by CBN was on December 23, 2020.
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