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Sunday Dare

Special Adviser to President Bola Tinubu on Media and Public Communication, Sunday Dare, has defended Nigeria’s ongoing fiscal reforms, saying the latest United States Fiscal Transparency Report does not provide a comprehensive assessment of the country’s efforts to improve public financial management.

Dare made the clarification on Thursday while reacting to the 2026 Fiscal Transparency Report released by the United States Department of State.

The report assessed Nigeria as failing to meet the US minimum requirements for fiscal transparency and stated that the country recorded “no significant progress” during the review period.

However, Dare urged Nigerians and international observers to properly contextualise the findings, stressing that the assessment was based on specific fiscal transparency benchmarks established by the US government.

According to him, the report should not be interpreted as a complete evaluation of all the reforms currently being undertaken by the Nigerian government in the area of public finance.

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Dare said Nigeria’s public financial management system was undergoing reforms designed to strengthen accountability, improve transparency and ensure more effective management of public resources.

He noted that fiscal reform is a continuous process requiring institutional changes, improved reporting systems and stronger mechanisms for monitoring government revenue and expenditure.

The presidential aide also maintained that the Tinubu administration had continued to pursue measures aimed at improving fiscal governance and strengthening confidence in Nigeria’s financial management framework.

He said assessments based on specific external benchmarks should be considered alongside developments taking place within the country’s public finance system.

Dare’s reaction comes amid increased attention to Nigeria’s fiscal management as the government continues to implement reforms aimed at improving revenue mobilisation, reducing leakages and enhancing accountability in the use of public funds.

The United States Fiscal Transparency Report is part of Washington’s assessment of countries receiving or seeking certain forms of US government assistance. It examines whether governments publicly disclose key information about national budgets, revenue, expenditures and debt, among other fiscal matters.

While Nigeria was rated below the minimum standard in the latest assessment, Dare argued that the rating should not overshadow ongoing efforts to reform the country’s public financial management institutions.

He said the administration remained committed to greater transparency and accountability, adding that the government would continue to strengthen systems for tracking public resources and improving fiscal responsibility.

The presidential aide stressed that Nigeria’s reform agenda should be assessed on the basis of its broader objectives and ongoing implementation, rather than through a single external assessment.

He further maintained that the government would continue engaging with international partners while pursuing reforms that would strengthen fiscal governance and improve the management of public resources.

The administration has repeatedly identified transparency, accountability and prudent management of public funds as key components of its broader economic reform agenda.

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