Nigeria’s federal government has repeatedly breached statutory deadlines for publishing quarterly budget performance reports, with some reports released more than a year after they were due, raising concerns over fiscal transparency, according to an analysis by CFG Advisory.
The analysis found that no quarterly report with an identifiable publication date from the first quarter of 2018 through the third quarter of 2025 was published within the 30-day deadline prescribed by Sections 30 and 50 of the Fiscal Responsibility Act 2007.
Delays ranged from 67 days to 432 days, with the first-quarter 2023 report recording the longest lag. It was published on July 5, 2024, about 432 days after the statutory deadline, according to the analysis.
Several other reports were delayed by more than 300 days, including the second quarter of 2019, which was 328 days late; fourth quarter of 2022, 303 days; second quarter of 2023, 341 days; and fourth quarter of 2023, 316 days.
The pattern has continued into the latest reporting cycle, with the fourth-quarter 2025 and 2026 quarterly reports either unpublished or overdue as of August 17, the advisory said.
