{"id":124347,"date":"2025-12-10T18:38:37","date_gmt":"2025-12-10T17:38:37","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=124347"},"modified":"2025-12-10T18:38:37","modified_gmt":"2025-12-10T17:38:37","slug":"tinubu-transmit-mtef-fsp-to-reps","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/tinubu-transmit-mtef-fsp-to-reps\/","title":{"rendered":"Tinubu Transmit MTEF\/ FSP to Reps"},"content":{"rendered":"<div style=\"text-align: justify;\">By Tracy Moses<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">President Bola Tinubu has formally submitted the 2026\u20132028 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the House of Representatives, seeking lawmakers\u2019 approval ahead of the 2026 budget.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The MTEF and FSP are key instruments in Nigeria\u2019s budgetary process. The MTEF provides a three-year rolling plan for government expenditures, aligning projected revenues with planned spending across sectors. The Fiscal Strategy Paper outlines the government\u2019s fiscal priorities and policy direction, including strategies to optimize revenue, manage debt, and maintain macroeconomic stability. Together, they guide annual budget preparation, ensuring fiscal planning is consistent, transparent, and aligned with national development goals.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The 2026\u20132028 MTEF and FSP was approved by the Federal Executive Council (FEC) on December 3, 2025. The framework sets the policy and macroeconomic assumptions for the 2026 budget, including an oil benchmark price of $64.85 per barrel and a budget exchange rate of N1,512 to $1, figures central to revenue projections, as oil remains a major source of federal income.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The submission was conveyed in a letter read during Wednesday\u2019s plenary by Deputy Speaker Benjamin Kalu, who presided over the session. In the letter, President Tinubu urged the House to give the framework prompt consideration.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cIt is with pleasure that I present the 2026 to 2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF and FSP) for the consideration and approval of the House of Representatives,\u201d the letter stated.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Following the submission, the House of Representatives is expected to review the framework, scrutinize the assumptions, and approve it before the 2026 federal budget is finalized. This process allows lawmakers to exercise oversight and ensure that the country\u2019s fiscal planning aligns with national priorities.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Tracy Moses President Bola Tinubu has formally submitted the 2026\u20132028 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the House of Representatives, seeking lawmakers\u2019 approval ahead&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":124348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-124347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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