The Federal Government has introduced that the 2024 full-year Budget Performance Report will probably be launched by the top of September 2025, alongside consolidated experiences for the primary and second quarters of 2025.
In an announcement issued Friday in Abuja, the Budget Office of the Federation (BoF) mentioned the delay in publishing the statutory Budget Implementation Reports (BIRs) was attributable to two principal elements: a nationwide verification and reconciliation train and the transition to an prolonged fiscal framework.
According to the BoF, the verification course of took longer than anticipated as a result of scope of tasks throughout the nation. Unlike mere accounting summaries, the experiences mix expenditure knowledge with on-the-ground bodily verification, necessitating intensive discipline missions and reconciliations with implementing companies.
The workplace additional defined that issuing experiences underneath the outdated finances cycle whereas coverage discussions had been already aligned to a longer-term fiscal framework would have created inconsistencies. Adjusting the timelines, it mentioned, was obligatory to take care of accuracy and credibility in fiscal disclosures.
To shut the reporting hole, a provisional 2024 Budget Performance Report based mostly on verified funding commitments will probably be revealed in September 2025.
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From the third quarter of 2025, quarterly publications will resume as scheduled consistent with the Fiscal Responsibility Act (FRA).
The BoF added that it’s taking steps to enhance monitoring programs, improve collaboration with ministries, departments, and companies (MDAs), and broaden digital integration of mission and expenditure knowledge. These measures, it mentioned, will guarantee well timed, clear, and dependable finances reporting going ahead.
Reassuring residents, growth companions, and markets, the federal authorities pledged its dedication to strengthening fiscal accountability whereas preserving the integrity of the January–December finances cycle.
