\n\nNigeria has failed to meet the United States’ minimum fiscal transparency requirements for the second consecutive year, according to the U.S. Department of State’s 2026 Fiscal Transparency Report.
The report, which assesses the financial management and public-fund disclosure practices of governments around the world, found that Nigeria made no significant progress in addressing some of the deficiencies identified in its public financial management and transparency practices.
The assessment places renewed attention on how Nigeria manages and discloses public finances, including the availability and reliability of information on government revenues, expenditures and the use of public resources.
The U.S. report assessed 140 governments, with Nigeria among the countries that did not meet the minimum standards required under the fiscal transparency assessment.
Fiscal transparency is considered important for strengthening public accountability, improving investor confidence and ensuring that citizens and institutions can properly scrutinise how government funds are generated and spent.
The latest finding comes as the Federal Government continues to implement economic reforms aimed at improving revenue generation, public financial management and the country’s overall fiscal position.
While Nigeria has introduced several reforms in recent years, the U.S. assessment suggests that more work is needed to improve transparency and address weaknesses in the disclosure and management of public finances.
The report could also increase pressure on government institutions to strengthen financial reporting and make information on public resources more accessible to citizens and stakeholders.
