Economists have backed the United States’ assessment that Nigeria failed to meet minimum fiscal transparency requirements, warning that weak budget implementation, poor disclosure of public finances and inadequate audit practices could undermine investor confidence and the country’s economic prospects.
The experts’ reaction followed the 2026 Fiscal Transparency Report of the US Department of State, which placed Nigeria among 67 governments that failed to meet the minimum requirements and said the country made no significant progress in addressing identified deficiencies during the review period.
The country failed to meet the United States’ minimum fiscal transparency requirements and made no significant progress towards addressing the identified deficiencies, according to the 2026 Fiscal Transparency Report of the US Department of State.
The report, which was published August 11 and seen by The PUNCH on Wednesday, assessed governments over the review period of January 1 to December 31, 2025, placed Nigeria among 67 governments that did not meet the minimum fiscal transparency requirements out of 140 governments and entities, including the Palestinian Authority, as assessed by the United States.
