US EditionNigerian Senate Passes 2026–2028 MTEF
The Senate cleared the statutory 2026–2028 Medium-Term Expenditure Framework, enabling President Tinubu to submit a N54.4 trillion budget proposal later this week.
7 Articles
7 Articles
Nigerian Senate passes 2026–2028 MTEF
The Senate has passed the 2026–2028 Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, paving the way for President Bola Tinubu to present the 2026 Appropriation Bill, estimated at N54.4 trillion, later this week. The passage followed the consideration and debate of a report presented by the chairman of the Senate Committee on Finance, Senator Sani Musa, during plenary on Tuesday. Senate President Godswill Akpabio, announci…
“Senate Approves 2026–2028 MTEF, FSP” — Cuts Oil Benchmark to $60, Endorses ₦54.46trn Spending Plan
The Senate has approved the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) submitted by President Bola Tinubu, ahead of the presentation of the 2026 Appropriation Bill to a joint session of the National Assembly. In approving the framework, the Senate reduced the crude oil benchmark price for 2026 to $60 per barrel, down from the $64.85 earlier proposed by the executive, while fixing benchmarks at $65 and $70 …
Senate Approves 2026–2028 MTEF/FSP, Clears Path for Presentation of N54.4trn 2026 Budget
The Senate has approved the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), paving the way for President Bola Tinubu to formally present the 2026 Appropriation Bill, estimated at ₦54.4 trillion, later this week. The approval was announced on Tuesday by Senate President Godswill Akpabio after lawmakers considered and debated the report submitted by the Chairman of the Senate Committee on Finance, Senator Sani M…
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