Nigeria has failed the minimum fiscal transparency requirements for the second conse cutive year, with the U.S Department of State saying the country made no significant progress in improving its financial management and opening up its public finances in 2025.

In its 2026 Fiscal Transparency Report released Tuesday, the department assessed 139 governments and the Palestinian Authority, with only 73 meeting the minimum standards. 

Of the 67 that did not, 14 made significant progress, while 53,  including Nigeria, were marked as making no progress.

The report came against the backdrop of complaints of poor implemetation of the nation’s budget by Nigerians, especially as the present government is running three budget – 20224, 2025 and 2026- simultaneously.

According to the State Department, the assessment was based on information gathered by the U.S Embassy in Abuja, other federal agencies, international organizations and civil society groups between January 1 and December 31, 2025.

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