The Senate Joint Committees on Finance and National Planning has commenced a Public Hearing on the 2025-2027 Medium-Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) to avail the various Ministries, Departments and Agencies (MDAs) the opportunity to present justifications on their economic and fiscal estimates contained in the 2025-2027 MTEF/FSP.
The one-day Public Hearing is being chaired by Senator Sani Musa (APC: Niger State), Chairman of the Senate Committee on Finance.
For consideration
President Bola Tinubu had last week submitted the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the Senate for consideration.
According to President Tinubu, the 2025-2027 MTEF/FSP was approved at the Federal Executive Council meeting on November 14, 2024.
He further explained that the Nigerian Federal government’s 2025 budget was prepared based on the parameters and fiscal assumptions outlined in the approved MTEF/FSP.
The President urged lawmakers to give the document a swift consideration and approval.
The request has been referred to the Senate Committees on Finance, National Planning, and Economic Affairs for further legislative action, and to report back as soon as practicable.
Lateefah Ibrahim
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