From Isaac Anumihe, Abuja
The Budget Office of the Federation today announced that the full-year (FY) 2024 Budget Performance Report (BPR) will be released by the end of September 2025, alongside consolidated Q1–Q2 2025 reports.
This, according to a statement, means quarterly publications will resume on schedule.
The Budget Office also disclosed the reasons for the delay, saying that it was upholding Nigeria’s credibility with citizens, markets, and partners by publishing credible, accurate data, restoring timeliness and predictability in fiscal reporting, anchoring the budget process firmly on a January–December cycle, and ensuring continuous improvement in fiscal monitoring, transparency, and accountability.
“A provisional Budget Performance Report for FY 2024 will be released by the end of September 2025. This interim publication, based on verified funding commitments, will provide a reliable snapshot of fiscal performance while detailed project-level verification continues through 2025. Beginning with Q3 2025, all budget implementation reports (BIRs) will be published on schedule in line with the Fiscal Responsibility Act (FRA) requirements. For Q1 and Q2 2025, which are already past due, the Budget Office will release consolidated reports alongside the full-year 2024 update, thereby restoring compliance with statutory timelines,” the Office noted.
The Budget Office, the statement further explained, is enhancing monitoring systems, deepening collaboration with Ministries, Departments, and Agencies (MDAs), and expanding digital integration of expenditure and project data to ensure future reports are both timely 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,” the Budget Office of the Federation assured.
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