FG To Release 2024 Budget Performance Report September

The federal government has announced that the full-year 2024 Budget Performance Report will be published by the end of September 2025, alongside consolidated reports for the first and second quarters of 2025.

According to the Budget Office of the Federation, quarterly publications are expected to resume on schedule thereafter.

In a statement issued on Friday in Abuja, the BoF explained that the delay in releasing the Budget Implementation Reports stemmed from two main issues: verification and reconciliation processes, and the transition to an extended fiscal framework.

The agency said the verification and reconciliation exercise took longer than expected due to the wide scope and nationwide spread of appropriated projects.

It stressed that the reports go beyond “simple accounting summaries” as they combine expenditure data with physical verification of projects across the country, requiring extensive field missions and reconciliations with implementing agencies.

The Budget Office also cited the shift to an extended fiscal framework as another factor, explaining that publishing reports under the old budget cycle while policy discussions were already pointing toward a lengthened horizon “would have created inconsistencies and misled stakeholders.”

To address the delay, the BoF said a provisional Budget Performance Report for 2024 will be released by September 2025.

The interim report, based on verified funding commitments, will provide “a reliable overview of fiscal performance” while detailed project-level verification continues throughout the year.

It further stated that from the third quarter of 2025, all budget reports will be published on schedule in compliance with the Fiscal Responsibility Act.

For the first half of 2025, which is already overdue, consolidated reports will be issued alongside the full-year 2024 update to restore statutory compliance.

The Budget Office added that measures are being taken to improve its monitoring systems, deepen collaboration with ministries, departments, and agencies, and expand digital integration of expenditure and project data.

These, it said, will ensure that future reports are timely, credible, and reliable.

The federal government reaffirmed its commitment to publishing accurate fiscal data, sustaining timeliness and predictability in budget reporting, and reinforcing the January–December budget cycle.

It also assured citizens, markets, and development partners that efforts to improve fiscal monitoring, transparency, and accountability would remain a priority.