US Report Flags Gaps in Nigeria’s Budget, Procurement and Audit Transparency

The United States Department of State says Nigeria has made limited progress on fiscal transparency, pointing to gaps in budget disclosure, procurement records and independent auditing. Its 2026 assessment noted that Nigeria publishes its enacted budget, end-of-year reports and debt information. However, it said the executive budget proposal is not released early enough and budget documents do not give a sufficiently complete account of government revenue and spending. The report also said actual revenues and expenditures often differ significantly from approved budgets. It criticised the lack of detailed allocations for executive offices, limited public access to procurement contracts and the independence of the supreme audit institution. The US recommended publishing executive budget proposals and procurement contracts more openly, providing fuller revenue and expenditure details, aligning implementation with approved budgets, and strengthening independent audits of public spending.

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