Budget Office explains delay in release of BIR
Omeiza Bilal
The Budget Office of the Federation has assured stakeholders of its commitment to transparency and timely reporting, explaining that the delay in publishing Budget Implementation Reports (BIRs) since Q2 2024 reflects the care taken to ensure accuracy as Nigeria transits to an extended fiscal framework.
In a statement Friday in Abuja, the budget office reaffirmed its commitment to transparency, accountability, and timely disclosure in fiscal reporting.
The Fiscal Responsibility Act (FRA) requires the Budget Office to publish quarterly BIRs, and we acknowledge this statutory obligation and remain committed to both the letter and the spirit of the law: accuracy, timeliness, and credibility in public finance.
The Office said a full-year 2024 Budget Performance Report will be released by end-September 2025, alongside consolidated Q1-Q2 2025 reports, after which quarterly publications will resume on schedule.
It said it will continue to strengthen its monitoring systems and digital integration to guarantee future reports are timely and credible.
“This 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. 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. Our commitment to transparency, timeliness, and accountability remains unwavering,” the Office said.
It explained that the delay in publication is due to verification and reconciliation processes and the transition to an extended fiscal framework, adding that the provisional Budget Performance Report for FY 2024 will be released by the end of September 2025.
Beginning with Q3 2025, all BIRs will be published on schedule in line with FRA requirements. For Q1 and Q2 2025, which are already past due, the Budget Office said.
