Nigeria's Total Debt May Hit N170trn as FG Plans to Borrow Fresh N31trn   The Federal Government plans to allocate a significant portion of its budget to debt servicing over the next three years, surpassing allocations for capital expenditures. This is according to the recently approved 2025-2027...

In Six Months, Nigeria’s Foreign Trade Hits N12.74trn   Nigeria’s import and export trade as of June 2023 stood at N12.74 trillion. This was contained in the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) prepared by the Budget Office of the Federation and...

House Passes 2022-2024 MTEF, Approves N4.89trn New Borrowings         Like the Senate, the House of Representatives has passed the 2022–2024 Medium Term Expenditure Framework and Fiscal Strategy Paper as presented by President Muhammadu Buhari. The passage followed consideration and adoption of the report by the House Committee...

House Of Reps Receives MTEF Report           The House of Representatives on Wednesday recieved the report of its Committee on Finance on the Medium Term Expenditure Framework and Fiscal Strategy Paper(MTEF) for 2022 to 2024. The MTEF/FSP is the template on which the annual budget preparation is...

Senate Passes 2021-2023 MTEF/FSP, Pegs Oil Benchmark At $40           The Senate on Thursday passed the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. It pegged oil benchmark at $40 and exchange rate at N379 per dollar. The MTEF/FSP is the fiscal document upon which the 2021...

National Assembly To Approve 2021 – 2023 MTEF/FSP Today       The Senate on Wednesday, stepped down consideration of the Conference Committee Report 2021 – 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. The request to step down consideration of the 2021 – 2023 MTEF report till...