OrderPaperToday – The Senate, on Tuesday, received President Muhammadu Buhari’s letter seeking consideration of 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
President of the Senate, Ahmad Lawan, made this known while reading an accompanying letter with the submission from the executive arm of government.
President Buhari also commended the upper chamber for its commitment towards sustaining the restoration of the January to December fiscal timeline under the ninth assembly.
He also sought the expeditious consideration of the National Assembly, explaining that its timely passage would facilitate the early preparation of the 2022 budget based on approved parameters by the upper chamber.
President Buhari further stated that the 2022 budget of the federal government will be prepared based on the parameters and fiscal assumptions of the approved 2022-2024 MTEF/FSP.
The letter, which was titled, ‘Submission of the Federal Government of Nigeria 2022 – 2024 Medium Term Expenditure Framework and Fiscal Strategy Paper’ reads:
“It is with pleasure that I forward the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) for the kind consideration and approval of the distinguished Senate.
“Let me use this medium to express my deep gratitude for the enduring collaboration and commitment of the leadership and distinguished Senators in our collective efforts to sustain the restoration of the January to December Financial year.
“On our part, we have worked very hard to sustain the early submission of the MTEF/FSP. This is to allow the National Assembly sufficient time to perform its important statutory duty of reviewing the framework and strategy paper.
“I herewith forward the 2022-2024 MTEF/FSP, as the 2022 budget of the federal government will be prepared based on the parameters and fiscal assumptions of the approved 2022-2024 MTEF/FSP.”