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HomeTop NewsNigeria drops to 90 place on budget transparency index, says BudgIT

Nigeria drops to 90 place on budget transparency index, says BudgIT

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Nigeria, Africa’s biggest economy has slipped to 90th place on the Open Budget Index (OBI), according to a report, putting the country behind Zimbabwe and Afghanistan.
The Open Budget Index assesses the comprehensiveness and timeliness of budget information that governments make publicly available.Image result for Nigeria budget minister
According to BudgIT, which expressed dismay at the West African country’s current position on fiscal transparency and public participation in the budget process, noted that Nigeria as Africa’s largest economy has apparently taken steps backward despite persistent advocacy by citizens and repeated promises by the government to improve.
The advocacy group said Nigerian government provides the citizens with insufficient budget information making it difficult for taxpayers to understand how elected officials are utilising available resources.
“Also, the budget process takes very little feedback from the public, and the final budget document does not reveal how the meager feedbacks are used,” BudgIT said in a statement signed by Abiola Afolabi, Communications Lead.
It said Nigeria’s score on the open budget index dipped from 24 in 2015 to 17. In Africa, Nigeria currently ranks 23 behind Rwanda, Zimbabwe and Liberia while South Africa, Uganda and Senegal top the index in Africa.
BudgIT noted that Nigeria’s low rank can be connected to the failure of the government to produce the mid-year review.
“Also, the Medium Term Expenditure Framework (MTEF) and the Budget Implementation Reports were published late while the content of all budget documents produced in Nigeria falls short on the minimum acceptable global standards as itemised in the Global Initiative for Fiscal Transparency Framework,” the statement noted.
BudgIT called on the government to improve the timeliness of the release of its essential budget documents and run an open budget system.
It is also vital that Nigeria improves on the comprehensiveness of the critical budget documents, including the Medium Term Expenditure Framework (MTEF), the Budget Implementation Reports, the executive budget proposal, the enacted budget and the year-end report, the advocacy group said.
It said the government also need to publish a mid-year review of fiscal activities in line with the minimum global standard in budgeting. “
There is also an urgent need for a structured participatory mechanism designed to capture views of the public throughout the budget cycle,” it said.

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