CBN revives key economic reports for public transparency

The Central Bank of Nigeria (CBN) has announced the reintroduction of several key economic reports, signaling a renewed commitment to transparency and accountability.

These reports, once readily available, will empower stakeholders to make informed decisions about the Nigerian economy.

The reinstated reports include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other crucial macroeconomic indicators.

Mrs. Hakama Sidi Ali, Acting Director of Corporate Communications, noted in a statement that this initiative is part of an ongoing data enhancement programme.

Her statement emphasised: “The reintroduction of these reports which aims to ensure that the public, policymakers, and the business community have access to essential economic indicators.”

The PMI, a vital gauge of activity in the manufacturing, services, and agricultural sectors, will be readily available once again.

Additionally, the return of the business and household expectations reports will provide valuable insights into the perspectives and outlooks of these crucial economic segments.

This move by the CBN signifies a broader effort to promote transparency, facilitate data-driven decision-making, and ultimately foster economic growth.

“All reports will be published periodically on the CBN website (www.cbn.gov.ng), ensuring easy access for economists, analysts, investors, media outlets, and the general public,” Hakama Sidi Ali said.

The CBN encouraged stakeholders to utilize these reports to gain a deeper understanding of Nigeria’s economic landscape, ultimately fostering a more inclusive economic discourse.