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Nigeria: Reps Step Down MTEF/FSP Report After Dispute Over Oil Benchmarks, Revenue Assumptions
The House of Representitves had an intense, but inconclusive debate on the recommendations of its joint committee's MTEF/FSP report on the projected crude oil benchmark prices and production.
The Federal Executive Council (FEC) had last Wednesday approved the 2026-2028 MTEF/FSP, outlining revenue projections, fiscal assumptions and spending priorities for the next three years. President ...
Barring any last-minute changes, indications are that President Bola Tinubu may present the 2026 budget to the National Assembly on Friday.
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 ...
President Tinubu, in a letter, sought the “kind indulgence” of the House of Representatives to allow him to address the joint ...
The Nigerian naira is expected to stabilise in 2026 as SBM Intelligence asks the Central Bank of Nigeria (CBN) to ...
The Federal Government’s budgeting ritual, supposedly a grundnorm of national public financing, has degenerated into a cycle of disorder, ...
President Bola Tinubu has arrived at the national assembly to present the 2026 appropriation bill. The president walked into the chamber of the house of representatives at exactly 3:00pm.
The Federal Government has reduced its allocation to infrastructure in the 2026 budget by 13.1 per cent, as it shifts focus towards security, education and health. Infrastructure spending in the 2026 ...
The House of Representatives on Thursday approved the 2026–2028 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), endorsing a crude oil benchmark of $64.85 per barrel for the ...
President Bola Tinubu on Friday placed security, health and human capital development at the centre of Nigeria’s 2026 fiscal plan, proposing ₦5.41 trillion for defence and security, and ₦2.48 trillion ...
Speaking on the synopsis of the report, Hon. Faleke explained that crude oil price was pegged at $65 per barrel, daily production of 1.8 million barrels, an exchange rate easing from ₦1,500 to ₦1,380, ...
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