Nigerian Govt lacks fiscal honesty, fails to properly disclose revenues, expenditures – US
The United States Government has said that the Nigerian government is not making significant progress in fiscal transparency, stating that its budget documents did not provide sufficient information on the country’s revenues and expenditures or adequately break down spending for executive offices. This is contained in the US Department of State’s 2026 Fiscal Transparency Report, […] Nigerian Govt…
The United States Government has raised concerns about the lack of fiscal transparency in Nigeria, stating that the country's budget documents are not providing sufficient information on revenues and expenditures. According to the US Department of State's 2026 Fiscal Transparency Report, Nigeria has made some key fiscal documents publicly available, but has failed to offer a comprehensive overview of the country's financial situation.
The report also noted discrepancies between Nigeria's approved budget and its actual implementation, and criticized the country's audit institution for lacking independence and publishing substantive reports.
Furthermore, the US government expressed concerns over Nigeria's public procurement processes, noting that the country continues to face transparency challenges in this area, particularly when it comes to accessing information on government contracts. While acknowledging some areas of progress, such as the public availability of debt obligations and the legal framework of the sovereign wealth fund, the report emphasized the need for Nigeria to improve fiscal transparency.
It recommended that the Nigerian government make its executive budget proposal widely accessible to the public, including online.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
