# African fiscal and budgetary reform initiatives > Live situation record from CLSTR: https://clstr.news/situations/african-fiscal-and-budgetary-reform-initiatives > Updated: 2026-09-22T06:42:27.000Z. Sources: 6. Developments: 2. African nations are pursuing reforms to enhance fiscal planning, transparency, and budgetary scrutiny. In Nigeria, the Federal Ministry of Finance and the Federal Ministry of Budget and Economic Planning have introduced measures to improve the accuracy of economic projections. These reforms include establishing a Standing Committee on Macroeconomic Data and Assumptions to validate projections and creating a central data repository to ensure consistency across government agencies. The initiative aims to reduce discrepancies in oil production and revenue forecasts through more rigorous sensitivity and scenario testing. Concurrently, at the 9th Annual Conference of the African Network of Parliamentary Budget Offices (AN-PBOs), officials called for the modernization of fiscal scrutiny across the continent. In Namibia, the government is transitioning toward Outcome-Based Budgeting, a framework focusing on the tangible results of expenditure rather than line-item inputs. Officials noted that strengthening the institutional capacity and analytical tools of Parliamentary Budget Offices is essential for managing constrained resources and improving accountability. ## Timeline ### 2026-09-22: African budget officials urge modernization of fiscal scrutiny At an African budget office conference in Namibia, officials called for modernized fiscal scrutiny and highlighted Namibia's transition toward outcome-based budgeting to improve transparency. 2 sources. https://clstr.news/cluster/african-budget-officials-urge-modernization-of-fiscal-scrutiny ### 2026-09-02: Nigeria implements new measures to improve budget forecasting accuracy Nigeria is implementing new fiscal measures, including a central data repository and a standing validation committee, to improve the accuracy of macroeconomic forecasting and national budgeting. 4 sources. https://clstr.news/cluster/nigeria-implements-new-measures-to-improve-budget-forecasting-accuracy --- Cite as: African fiscal and budgetary reform initiatives. CLSTR, https://clstr.news/situations/african-fiscal-and-budgetary-reform-initiatives