INSIGHT: Oil, revenue and the MTEF benchmarks

Crude oil production is a vital aspect of the MTEF benchmarks upon which the government builds revenue prospects to fund service delivery.   Nigeria’s crude oil production is pivotal to its economy. With extensive reserves, which are concentrated primarily in the Niger Delta region, the country is one of the largest oil producers in Africa and a key player in the global energy market. Daily crude oil production in Nigeria has historically contributed significantly to...

SPOTLIGHT: The Reps committees that matter on MTEF

The House will pass on the document to its relevant committees on MTEF to review and make recommendations that will form the foundations of the 2024 budget.   The House of Representatives is set to receive the Medium-Term Expenditure Framework (MTEF) for 2024 – 2026 fiscal year from the federal government. This is in accordance with the stipulations of the Fiscal Responsibility Act (FRA) 2007, which mandates the federal government to submit the MTEF four...

MTEF: What it means and why it matters

The acronym MTEF may sound technical, and many citizens tend to ignore it. But it should not be so because the document lies at the heart of the annual budget, which determines how better or worse our lives get as Nigerians You must have heard and read about MTEF in the last few days. That is if you keep up with the news aside from gossip, entertainment, and sports, etc. This week, at OrderPaper Nigeria,...