• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, October 21, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

BudgIT Lauds Federal Govt’s Open Budget Survey Performance

by Chika Izuora
3 years ago
in Business
BudgIT
Share on WhatsAppShare on FacebookShare on XTelegram

BudgIT has commended the federal government’s performance and huge improvement in the recently released 2021 open budget survey (OBS) by the International Budget Partnership (IBP).

Advertisement

According to the survey which was conducted in 120 countries; Nigeria, Benin Republic and The Gambia made the league of the biggest improvers in the Open Budget Index, specifically on transparency, public participation and institutional oversight.

The OBS is done bi-annually and it is a global independent, comparative and regular assessment of transparency, institutional oversight and public participation in public budgets in 120 countries.

Advertisement

Recall that Nigeria’s performance in the 2019 Open Budget Survey was below expectation, with a total score of 21/100 in transparency, 22/100 in public participation and 55/100 in institutional oversight.

However, the 2021 OBS reveals that Nigeria has made some progress based on the 3 metrics used.

According to the report, Nigeria scored 26/100 in public participation, 61/100 in Oversight and 45/100 in transparency. The overall open budget index score stood at 45/100.

RELATED NEWS

How Centralized Platforms Strengthen Compliance And Governance

Nigeria’s Digital PR Honours Anietie Udoh As ‘Public Relations Ambassador’

New Tax Regime: Multinationals, Local Firms Get 5% Annual Tax Credit

Regulator Says Band A Customers Must Get 20-Hour Power Supply Daily

“This depicts an all-round improvement in the three metrics although some are more significant than others,” said BudgIT’s Country director, Gabriel Okeowo.

Nigeria’s 2021 OBS performance can be attributed to its improved timeliness in publishing budget documents, improvements in inclusions in the budget processes, enhanced comprehensive documentation made available to the public and better institutional oversight roles in the budget process during the pandemic year, enhanced by the reviewed 2020 budget as a result of the pandemic and fluctuations in oil prices.

“We are delighted to see the commendable improvements made by Nigeria in the 2021 Open Budget Survey”, Okeowo added. “There is still a need for better transparency, enhanced mechanisms for public participation and engagements in the budget process, oversight functions performed by the Supreme Audit Institution and the Legislature, and improved timeliness in publishing detailed budget documents, especially Audit Reports,” Okeowo added.

 

Join Our WhatsApp Channel

Breaking News: Nigerians at home and abroad can now earn in USD by acquiring ultra-premium domains from $3,000 and profiting up to $36,000. Perfect for professionals. Click here.

SendShare10171Tweet6357Share

OTHER NEWS UPDATES

How Centralized Platforms Strengthen Compliance And Governance
Business

How Centralized Platforms Strengthen Compliance And Governance

5 hours ago
Nigeria’s Digital PR Honours Anietie Udoh As ‘Public Relations Ambassador’
Business

Nigeria’s Digital PR Honours Anietie Udoh As ‘Public Relations Ambassador’

6 hours ago
New Tax Policy To Exempt 95% of Informal Sector — Oyedele
Business

New Tax Regime: Multinationals, Local Firms Get 5% Annual Tax Credit

10 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Passengers Stranded At Maiduguri Airport As Max Air Pilot Refuses To Fly

12 minutes ago

Senate Passes New Law, Prescribes Life Imprisonment For Child Defilement

13 minutes ago

PICTORIAL: Thugs Attack ADC Secretariat, Stop Inauguration Of State Excos In Ekiti

45 minutes ago

Kaduna Tertiary Institution Workers Suspend Strike As Governor Approves New Salary Structure

1 hour ago

NNPCL Remits N10trn To Federation Account In 8 Months

1 hour ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.