Nigeria has failed to meet the United States government's minimum fiscal transparency requirements for the second consecutive year, according to the 2026 Fiscal Transparency Report released by the US Department of State.
The report assessed 139 governments and the Palestinian Authority, with only 73 meeting minimum standards. Of the 67 that fell short, 14 were judged to have made significant progress, while 53, including Nigeria, were marked as making no progress at all. The assessment was based on information gathered by the US Embassy in Abuja, federal agencies, international organisations, and civil society groups between January and December 2025.
The report faulted the executive branch for failing to publish its budget proposal before legislative approval, and comes amid domestic concern over budget implementation, with the Federal Government simultaneously managing the 2024, 2025, and 2026 budget cycles. The 2026 assessment also introduced a tougher requirement that governments publicly disclose the terms of sovereign loans, including liabilities and collateralised assets. In an initial reaction, the Presidency maintained that transparency and accountability remain a primary commitment of the administration.