The Budget Office of the Federation has acknowledged the delay in publishing Budget Implementation Reports (BIRs) from Q2 2024 to date and reaffirmed its commitment to transparency, credibility, and legal compliance under the Fiscal Responsibility Act.
The Office also assured stakeholders of its commitment to transparency and timely reporting, explaining that the delay in publishing Budget Implementation Reports (BIRs) since Q2 2024 reflects the care taken to ensure accuracy during Nigeria’s transition to an extended fiscal framework.
According to a press statement by the Office of the Federation, a full-year 2024 Budget Performance Report will be released by the end of September 2025, alongside consolidated Q1–Q2 2025 reports, after which quarterly publications will resume on schedule.
The statement notes that the Office is also strengthening monitoring systems and digital integration to guarantee future reports are timely, credible, and of the highest integrity.
“This delay should not be seen as backsliding, but as a reflection of the care taken to ensure accuracy and credibility in Nigeria’s fiscal 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. Our commitment to transparency, timeliness, and accountability remains unwavering.”
Reasons for the delay include: Verification & Reconciliation Delays as BIRs include not just financial data but physical project verification nationwide.
The scale and geographic spread of the 2024 projects extended the timelines.
Transition to Extended Fiscal Framework. Emerging policy changes hinted at a longer budget cycle, and issuing reports based on the old cycle would have caused data misalignment and confusion.
The Office is highlighting its forward plan to ensure that by the end of September 2025, the provisional FY 2024 Budget Performance Report to be released. Consolidated Q1–Q2 2025 BIRs to accompany the release.
That from Q3 2025 onward, there would be a return to regular quarterly publication of BIRs in compliance with the FRA.
As well as ensuring system strengthening measures for enhanced digital integration and MDA collaboration, for improved project and expenditure monitoring systems.