FG to Release 2024 Budget Performance Report by September End
The Federal Government has confirmed that it will release the long-awaited 2024 Budget Performance Report before the end of September 2025. The move comes alongside the publication of outstanding reports for the first and second quarters of 2025, aimed at restoring compliance with fiscal reporting requirements and strengthening public trust in government transparency.
According to a statement by the Budget Office of the Federation, the publication of Budget Implementation Reports (BIRs) had been delayed since the second quarter of 2024. The office explained that the setback was caused by verification missions, reconciliation processes with implementing agencies, and Nigeria’s transition to a new extended fiscal framework.
The office stressed that the delay should not be viewed as backsliding, but rather as an effort to ensure accuracy and credibility in fiscal reporting during what it described as an “exceptional budget cycle.” It added that issuing reports on the old budget cycle would have created confusion, especially as policy discussions began pointing toward the new extended fiscal horizon.
To close the reporting gap, the Budget Office announced that by the end of September 2025, it would publish the full-year 2024 Budget Performance Report, together with the outstanding Q1 and Q2 2025 reports. The office further assured Nigerians that quarterly releases would resume on schedule after this exercise.
The statement reaffirmed that the Fiscal Responsibility Act mandates the publication of quarterly BIRs, and emphasized the statutory obligation of the Budget Office to comply. It added that the reports would not only present accounting summaries but also include integrated expenditure data with physical verification of projects nationwide.
To improve efficiency, the Budget Office said it was upgrading its monitoring systems and expanding digital integration with ministries, departments, and agencies. The office also highlighted ongoing collaboration across government institutions to ensure that fiscal reports are timely, credible, and of the highest integrity.
Beyond technical adjustments, the statement reiterated Nigeria’s commitment to transparency, accountability, and timely reporting in public finance management. It assured stakeholders that fiscal reporting would soon return to a predictable January-to-December budget cycle, in line with ongoing government budget reforms.
“Our commitment to transparency, timeliness, and accountability remains unwavering,” the office declared, stressing that credible fiscal data is essential to maintain Nigeria’s credibility with citizens, markets, and international partners.
