Budget Office pledges accuracy, to resume fiscal reports September

The Budget Office of the Federation has reaffirmed its commitment to transparency, accuracy, and accountability in fiscal reporting, assuring stakeholders that delayed Budget Implementation Reports (BIRs) will be published by September 2025.

The agency explained that the backlog, which began after the second quarter of 2024, was due to the transition to an extended fiscal framework and the need to reconcile expenditure data with physical verification of projects nationwide.

It stressed that the delay should not be interpreted as a lapse, but rather as a deliberate effort to ensure credible reporting during an exceptional budget cycle.

“By the end of September 2025, we will publish the full-year 2024 Budget Performance Report alongside the outstanding Q1–Q2 2025 reports, after which quarterly releases will resume on schedule,” the Budget Office said, and added: “Our commitment to transparency, timeliness, and accountability remains unwavering.”

In line with its obligations under the Fiscal Responsibility Act, which mandates quarterly BIRs, the Office said it is enhancing monitoring systems, deepening collaboration with ministries, departments, and agencies (MDAs), and expanding digital integration of expenditure and project data to guarantee credible and timely reporting going forward.

To bridge the gap, a provisional Budget Performance Report for 2024 will be released in September, offering stakeholders a reliable snapshot of fiscal performance while detailed project-level verification continues. From Q3 2025, quarterly publications will resume in line with statutory timelines.

The Office emphasized that the temporary adjustment in reporting was necessary to avoid conflicting datasets during the budget transition, noting that future disclosures will be anchored on improved systems designed to strengthen Nigeria’s credibility with citizens, markets, and development partners.

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