By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

Nigeria Slips in Fiscal Transparency Rankings, Scores 92nd in Open Budget Survey

Last updated: June 4, 2024 3:14 pm
2 years ago
Share
2 Min Read
AIT IMAGES 2 2

BudgIT, a leading civic-tech organization, has expressed concern over Nigeria’s poor performance in the 2023 Open Budget Survey (OBS) conducted by the International Budget Partnership (IBP).

Nigeria scored 31 out of 100 in transparency, 19 out of 100 in public participation, and 61 out of 100 in institutional oversight, ranking 92nd out of 125 countries.

The 2023 survey assessed 125 countries, accounting for 95% of the world’s population, and included budgets totaling over $33.5 trillion in spending in the 2022 Fiscal Year.

Despite a 24% global increase in transparency, Nigeria’s performance declined from its 2021 scores of 45 in transparency, 26 in public participation, and 61 in institutional oversight.

BudgIT attributed Nigeria’s disappointing performance to the government’s failure to promptly publish fiscal documents online and adopt innovative public participation practices.

To address this, BudgIT in a statement issued on Tuesday by its Communications officer, Nancy Odimegwu recommended that legislative Committees thoroughly examine budget proposals and audit reports, and publish their findings publicly.

It also urged the government to publish fiscal documents promptly, expand engagement mechanisms during budget implementation, and involve vulnerable communities.

Nigeria’s Country Manager for the International Budget Partnership, Olayinka Babalola emphasized the importance of the Open Budget Survey in generating discussion amongst citizens, government, and civil society organizations on how public finance systems can address the needs of everyone, especially the marginalized and vulnerable.

BudgIT’s Country Director, Gabriel Okeowo urged the government to revive fiscal transparency, enhance public participation, and improve timeliness in publishing detailed budget documents.

The 2023 Open Budget Survey highlights the need for accountable and inclusive public budgeting.

BudgIT urged the Nigerian government to take immediate action to enhance fiscal transparency and accountability.

(Editor: Ken Eseni)

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Mozambique Energy Minister Estevão Pale to Attend Angola Oil & Gas (AOG) 2026 Amid Strategic Liquefied Natural Gas (LNG) Push March 30, 2026
  • Youth Charter Calls for Glasgow 2026 to Deliver a Commonwealth Youth Legacy of Hope and Opportunity March 30, 2026
  • World Trade Organization: 14th Ministerial Conference (MC14) concludes with adopted decisions, progress on key outstanding issues March 30, 2026
  • Marriott International Makes its Entry into Cape Verde with the Opening of Four Points by Sheraton São Vicente Resort March 30, 2026
  • China Extends New Grant Support as Seychelles and China Deepen Strategic Partnership March 29, 2026

Trending

Insecurity
Coalition of Northern Youths threaten mass action over insecurity
Local
aitlive 1 33
President Tinubu vows to end Nigeria’s reliance on borrowing, targets 18% rise in Tax to GDP ratio
Economy Headlines
AIT IMAGES 4
Zamfara Govt. Pledges To Prioritise Girl-Child Education
Local
aitlive 3 5
NAPTIP rescues 12-year-old girl forced into marriage in Benue State
Local
aitlive 7 1
Tinubu Meets Ayim, Metuh At Presidential Villa
Local

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?