MTEF Archives - OrderPaper

Oluyede’s confirmation, passage of MTEF | SENATE GIST TODAY

Sharon EboesomiDecember 4, 20242 min

The confirmation of Lieutenant-General Olufemi Olatubosun Oluyede for appointment as Chief of Army Staff and the debate and passage of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) were the issues addressed in the senate Tuesday. Senate confirms Oluyede as COAS The senate has confirmed the nomination of Lieutenant-General Olufemi Olatubosun Oluyede for appointment as Chief of Army Staff (COAS). The confirmation followed the consideration of reports from the committee on Army...

Senate

NASS to probe partnership, joint venture deals by NNPCL, NLNG, Immigration

Sharon EboesomiDecember 3, 20245 min

While some agencies have defended their partnership agreements as necessary for attracting investment, the national assembly says the country is being cheated. Nigeria has long grappled with the challenge of revenue mobilisation, a critical factor for achieving fiscal sustainability. Reports have it that critical agencies such as the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Liquefied Natural Gas (NLNG), and Nigerian Immigration Services (NIS) engage in Public-Private-Partnerships (PPPs) and Joint Venture Agreements (JVAs) that disproportionately...

Senate

BREAKING: Senate approves budget benchmarks for 2025-2027

Sharon EboesomiDecember 3, 20247 min

The senate approved the budget benchmarks with a total spending of ₦47.9 trillion and a new borrowing plan of ₦9.22 trillion. The senate has approved the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) ahead of the presentation of the 2025 Budget by President Bola Tinubu. This is as it approved the expenditure framework with a total spending of ₦47.9 trillion and a new borrowing plan of ₦9.22 trillion which includes both...

House of Representatives LIFE Service Parliamentary Resources Senate

LIFE This Week: Tax bills, budget benchmarks, and boat mishaps

Newsroom MattersDecember 3, 20246 min

OrderPaper’s Legislative Intelligence Unit can reasonably forecast that the national assembly will continue debates on the controversial tax bills, the 2025 budget benchmarks contained in the MTEF and the unfortunate boat mishap in Niger state. As the National Assembly gears up for a new plenary week, expectations are that it will engage in conversations to address matters of importance to the country. Lawmakers are expected to tackle pressing topics which may include the tax bills,...

House of Representatives

Reps approve N1400 per dollar as exchange rate for 2025 budget

Leah TwakiNovember 27, 20242 min

In approving the 2025–2027 MTEF/FSP, representatives pegged the exchange rate at N1400 per US dollar, $75 oil benchmark and 2.06 million barrels of production per day. The House of Representatives has approved the recommendations of its joint committees on finance, national planning, and economic development on the 2025–2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The approval came after the committee on supply considered the report presented by Rep. James Abiodun Faleke...

House of Representatives LIFE Service Parliamentary Resources Senate

LIFE This Week: 2025 budget, Simon Ekpa and social investment reform

NewsroomNovember 26, 20245 min

As lawmakers return to plenary this week, OrderPaper’s Legislative Intelligence Unit forecasts that discussions around the 2025 budget, the arrest of IPOB leader Simon Ekpa in Finland, and President Tinubu’s bill on social investment will be key issues for consideration. As lawmakers return to plenary at the National Assembly this week, the nation looks to them to address pressing issues of governance, economic reforms, and societal welfare. With a packed legislative agenda, the coming days...

House of Representatives Senate

Tinubu government defends borrowing despite surpassing revenue targets

Sharon EboesomiNovember 26, 20245 min

The impressive revenues generated in 2024 raised questions among lawmakers, who queried the government’s continued borrowing There was mild confusion at the National Assembly on Monday over the federal government’s continued borrowing despite the fact that revenue generating agencies have exceeded their targets for the fiscal year 2024. This happened during an interactive session by the joint national assembly committees on finance, national planning and economic affairs on the 2025-2027 Medium Term Expenditure Framework...

RemTrack

INSIGHT: Oil, revenue and the MTEF benchmarks

Efe IseghohimeNovember 2, 20238 min

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

SPOTLIGHT: The Reps committees that matter on MTEF

Beloved JohnOctober 27, 20236 min

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...

Nuggets & Learning

MTEF: What it means and why it matters

Joy EruraneOctober 24, 202314 min

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,...