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FG set to release 2024 budget performance report by September 2025
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The federal government has disclosed that the full-year 2024 Budget Performance Report will be published by the end of September, 2025.
This would be done alongside consolidated reports for the first and second quarters of 2025.
Going forward, quarterly publications, the federal government said, are expected to resume on schedule.
The Budget Office of the Federation (BoF), in a statement issued on Friday in Abuja, explained that the delay in releasing the Budget Implementation Reports (BIRs) was linked to two key factors: verification and reconciliation processes, and the transition to an extended fiscal framework.
According to the BoF, the verification and reconciliation exercise took longer than anticipated because of the scope and nationwide spread of appropriated projects.
It noted that the reports are not simple accounting summaries but combine expenditure data with physical verification of projects across the country, which necessitated extensive field missions and reconciliations with implementing agencies.
The second factor, the statement noted, was the transition to an extended fiscal framework.
The Budget Office explained that issuing reports under the old budget cycle, while policy discussions were already pointing toward a lengthened horizon, would have created inconsistencies and misled stakeholders.
To bridge the reporting gap, the Budget Office said a provisional Budget Performance Report for 2024 will be published by September 2025.
The interim report, based on verified funding commitments, will provide a reliable overview of fiscal performance, while detailed project-level verification continues throughout the year.
It added that from the third quarter of 2025, all budget reports will be published on schedule in line with the Fiscal Responsibility Act (FRA). For the first half of 2025, which is already overdue, consolidated reports will be released together with the full-year 2024 update to restore compliance with statutory requirements.
The BoF also disclosed that steps are being taken to enhance its monitoring systems, strengthen collaboration with ministries, departments, and agencies (MDAs), and expand digital integration of expenditure and project data. These measures, it said, are aimed at ensuring future reports are timely, credible, and reliable.
The federal government, through the Budget Office, assured of its commitment to publishing accurate fiscal data, maintaining timeliness and predictability in budget reporting, and reinforcing the January–December budget cycle.
It also assured citizens, markets, and development partners that it will continue to improve fiscal monitoring, transparency, and accountability.
The Nigerian National Petroleum Company Limited, NNPCL, has slashed its fuel pump price for the second time within four days.
A market survey on Saturday by DAILY POST showed that NNPCL retail outlets around Airport Junction and Wuse Zone 6 (Berger) in Abuja have reduced their petrol price to N1210 per litre, down from N1260.
This means that the state-owned oil firm slashed the petrol price by N50 per litre.
This comes barely two days after Dangote Refinery reduced its petrol gantry price by N50 to N1,125 per litre.
Recall that four days ago, NNPCL had adjusted its fuel price pump by N75 per litre to N1260.
With the latest drop by NNPCL retail outlets, petrol prices stand between N1210 per litre and N1305 per litre in Abuja and its environs.
The reduction in domestic fuel comes amid falling crude oil prices, which stand at $69 per barrel and $71 per barrel for West Texas Intermediate and Brent crude, respectively, following the easing of the conflict in the Middle East.
Recall that President Bola Tinubu has kept mum amid the clamour by Nigerians for a commensurate drop in domestic fuel pump prices due to the significant reduction in crude oil prices.
The Independent National Electoral Commission, INEC, has said it is yet to receive the Certified True Copy, CTC, of the Federal High Court judgment that set aside an earlier order directing it to register the Nigeria Democratic Congress, NDC, as a political party.
INEC revealed this in a statement issued on Saturday by its Chief Press Secretary and Media Adviser to the Chairman, Adedayo Oketola.
According to the commission, although it is aware of media reports on the judgment delivered by the Federal High Court sitting in Lokoja on June 26, it cannot comment on the ruling until it obtains and reviews the certified copy.
The Independent National Electoral Commission, INEC, is aware of reports circulating in the media regarding the judgment delivered on Friday, June 26, 2026, by the Federal High Court sitting in Lokoja, which set aside an earlier order concerning the registration of the Nigeria Democratic Congress.
“However, as of this moment, the Commission has not yet received the Certified True Copy, CTC, of the court’s order,” the statement said.
INEC stated that its legal department would study the judgment upon receipt of the CTC before advising the commission on the next course of action.
“Once the Commission’s legal department receives and thoroughly studies the CTC of the judgment, INEC will take an informed, lawful decision in line with the court’s directives.
“Until then, we cannot comment on the specifics of the ruling, and the public is urged to await the Commission’s formal position on the matter,” Oketola added.
Justice Isah Dashen of the Federal High Court in Lokoja had on Friday set aside the court’s December 10, 2025, judgment directing INEC to register the NDC as a political party.
The court held that the rights of the Peace Movement Party were affected by the earlier judgment because it was not joined in the suit despite claiming ownership of the logo relied upon in securing the registration order.
Justice Dashen consequently ordered that all parties be restored to the positions they occupied before the December 2025 judgment and directed that the substantive suit be heard afresh with all necessary parties joined.
The NDC has rejected the ruling and announced plans to appeal the decision. Its National Chairman, Senator Moses Cleopas, maintained that the party had not been deregistered and argued that the trial court lacked jurisdiction to revisit a matter on which it had already delivered a final judgment.
The ruling has also attracted reactions from opposition figures, including the NDC’s presidential candidate, Peter Obi, the party’s National Leader, Senator Henry Dickson, and other stakeholders, who described the decision as a threat to Nigeria’s multiparty democracy and vowed to challenge it through all available legal channels.
INEC, however, maintained that it would reserve its position on the judgment until it receives and reviews the Certified True Copy.
A joint police operation rescued five victims abducted near Ogbere Forest in Ogun state on Wednesday.
They were rescued within 25 hours by the Lagos and Ogun Police Commands, which were part of a joint operation codenamed KOSAYE, meaning “No Space” in Yoruba.
The woman was among the victims who were shot in the incident. Her daughter and sister were among those rescued by the police on Thursday.
NNPC slashes petrol price twice within four days
Lokoja Court order: INEC speaks on NDC, says it’s yet to receive CTC
Just in: Police rescue five abductees in Ogun
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