Buhari sends 2020-2022 MTEF/FSP to Senate
President Muhammadu Buhari has sent the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper to the Nigerian Senate.
Senate President, Ahmad Lawan, announced receiving the framework during Wednesday’s plenary.
The proposed expenditure for the 2020 budget is N9.79 trillion.
Lawan has also promised early passage of the budget if submitted early to lawmakers.
“The documents were received on Wednesday morning and with this, preparation for the 2020 Appropriation Bill is in the top gear,” Lawan said.
Some of the highlights of the 2020-2022 MTEF/FSP documents released by the Nigerian Government pegged the projected budget profile for 2020 at N8.7trillion, $55 oil price benchmark as against $60 used for the 2019 budget and 2.1 million barrels of oil production per day as against 2.3 million BPD approved for 2019.