FG to release 2024 budget performance report by September end

The Federal Government has said it will release the long-awaited Budget Performance Report for 2024 by the end of September 2025, alongside outstanding reports for the first and second quarters of 2025, in a move aimed at restoring compliance with fiscal reporting requirements.

In a statement released on Friday, the Budget Office of the Federation admitted that the publication of Budget Implementation Reports had been delayed since the second quarter of 2024, but assured Nigerians that the setback was temporary and would not derail its commitment to transparency and accountability.

The office explained that the delays were caused by verification missions and reconciliations with implementing agencies, as well as Nigeria’s transition to a new extended fiscal framework.

“The 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,” the statement noted.

According to the Budget Office, issuing reports on the old budget cycle would have created confusion once policy discussions began pointing towards an extended horizon.

“Issuing reports on the old cycle, only to have them overtaken by a revised implementation framework, would have created conflicting datasets and misled stakeholders,” it said.

To address the gap, the Office announced a provisional plan. “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,” it pledged.

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