MTEF

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…

The Senate has given the executive arm of government a two-week deadline to present a detailed report on the implementation of the 2024 budget, along with projections for the 2025 fiscal year, before it will consider the Medium-Term…

Comptroller General of Nigerian Customs Service (NCS), Hameed Alli has faulted the over N4 trillion fuel subsidy being paid on Premium Motor Spirit (PMS) in 2022 fiscal year by Nigerian National Petroleum Corporation (NNPC) Limited. Ali…

The minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the Nigerian National Petroleum Corporation (NNPC) that was formally transited to a private limited company by President Muhammadu Buhari this week, has not…

Rivers State has missed out on the World Bank's grant of $750 million for Nigerian States to boost their economic recover from COVID-19 pandemic. Of the $750 million grant, the Federal Government commenced the disbursement of N66.5…

Nigeria's oil production output is to be shortened by 10,000 barrels per day owing to the explosion on the production facility in Oil Mining Lease (OML) 40 involving Elcrest Exploration and Production Nigeria Limited and the Nigerian…

The Senate Joint Committee on Finance and National Planning has queried the pegging of the nation’s crude oil price at 40 dollars per barrel in the proposed 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP)…

President of the Senate, Ahmad Lawan, on Wednesday, urged the Executive arm of Government to work on the estimates for the 2021 budget to ensure its timely presentation to the National Assembly by the end of September this year. …

PROPOSED RECURRENT EXPENDITURE = N5.75TRN   PROPOSED CAPITAL EXPENDITURE = N3.33TRN   DEBT SERVICING = N3.12TRN   STATUTORY TRANSFERS = N481.41BN The Federal Government has proposed the sum of N12.66 trillion as aggregate…

...SENATE APPOINTS IBRAHIM EL-LADAN AS ACTING CLERK President Muhammadu Buhari has submitted the 2021 - 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper to the Senate for approval. …