President Buhari has sent the 2023-2025 Medium Term Expenditure framework and fiscal strategy paper to the Senate for approval.
Buhari seeks Senate approval for Expenditure framework
According to Nairametrics, this was disclosed by the Senate President, Ahmad Lawan in an address to lawmakers on Tuesday, according to the Nigerian Television Authority.
The House of Representatives Committee on Finance on the 2023-2025 Medium-Term Expenditure Framework has been sitting on the paper, as Finance minister, Zainab Ahmed says the federal government’s 2023 budget proposal is N19.76 trillion, with a deficit of N11.3 trillion.
Lawan disclosed that the President has transmitted the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy paper to the Senate for approval.
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NTA reported that this request was the first as Senate reconvened from its two months annual recess.
President Buhari, in the letter, implored the legislators to give expeditious consideration to the MTEF and FSP to give way for the presentation and consideration of the 2023 appropriations bill so as to ensure the sustenance of the January to December budget cycle.
Senator Lawan reminded lawmakers of the need for more commitment to national issues, especially security challenges as he announced that the confirmation of the acting chief justice of Nigeria, Justice Olukayode Ariwoola will be considered Wednesday.