The Senate has passed the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), paving the way for the presentation of the ₦54.4 trillion 2026 Appropriation Bill by President Bola Ahmed Tinubu later this week. The passage was announced on Tuesday by Senate President Godswill Akpabio after the upper chamber considered and debated the…
The Federal Government has announced a strategic shift away from heavy borrowing towards aggressive revenue mobilisation and savings optimisation, as Nigeria’s public debt stock climbs to about ₦152 trillion. The new direction was outlined by the Minister of Finance and Coordinating Minister of the Economy, Dr Olawale Edun, during the presentation of the 2026–2028 Medium-Term…
The Senate has approved the 2025–2027 Medium Term Expenditure Framework, MTEF and Fiscal Strategy Paper, FSP earlier submitted by President Bola Tinubu ahead of his presentation of the 2025 Appropriation Bill to the Joint session of the National Assembly this week. In the three years projections, the Upper Chamber pegged the exchange rate at N1,400/$…
The House of Representatives has passed the Medium-Term Expenditure Framework & Fiscal Strategy Paper for 2025-2027. In passing the MTEF, the Committees on Finance, Petroleum Upstream, and Petroleum Downstream were tasked to investigate reports from the Revenue Mobilization, Allocation, and Fiscal Responsibility Commission alleging that the Nigerian National Petroleum Company Limited’s withheld ₦8.48 trillion as claimed…
