Nigeria risks higher borrowing costs after failing US fiscal transparency test again

Nigeria risks facing higher borrowing costs and weaker investor confidence after failing the United States’ minimum fiscal transparency requirements for the second consecutive year.

This is coming after the U.S Department of State, in its 2026 Fiscal Transparency Report published on August 11, said Nigeria made no significant progress in addressing deficiencies in its public financial management and disclosure practices during the review period covering January 1 to December 31, 2025.

The assessment reviewed 140 governments and entities. While 73 met the minimum requirements, 67 failed, including Nigeria. Of those that failed, 14 were judged to have made significant progress. Nigeria was not among them.

By Chinwendu Obienyi

Full story at The SUN