President Bola Tinubu has presented the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for the years 2025-2027 to the Senate for their review.
This information was conveyed in a letter that was read by the Senate President, Godswill Akpabio, at the commencement of the plenary session on Tuesday.
President Tinubu indicated that the MTEF/FSP for 2025-2027 received approval during the Federal Executive Council meeting held on November 14, 2024.
He also noted that the Nigerian Federal government’s budget for 2025 was formulated based on the parameters and fiscal assumptions detailed in the approved MTEF/FSP.
The President has called upon the legislators to expedite their consideration and approval of the document.
The request has been assigned to the Senate Committees on Finance, National Planning, and Economic Affairs for further legislative deliberation, with a directive to report back at the earliest opportunity.
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