President Bola Tinubu will submit the Medium Term Expenditure Framework and Fiscal Strategy Paper to the National Assembly next week.
The Senate, through its Finance Committee, is set to meet with key stakeholders in the finance sector, in preparation for the document’s submission.
The MTEF, a legally required framework, establishes the groundwork for the national budget, guiding economic projections and policy direction.
By law, it must be presented to the National Assembly before the budget proposal.
Speaking on the anticipated submission, Senate spokesperson, Yemi Adaramodu (APC, Ekiti South), confirmed that the MTEF document would be sent next week.
He added that once work on the MTEF was completed, the President would follow with the budget presentation.
Adaramodu said, “The MTEF document will be forwarded to the National Assembly next week for review, in anticipation of the President’s budget presentation.
“We are committed to doing our best with the budget, as we have always done.”
He assured Nigerians of the Senate’s commitment to a thorough review of the 2025 budget promptly upon its presentation.
He stated, “The budget has not been submitted yet, but we expect communication from the Presidency soon.
“Just as we did with the 2024 appropriation, the National Assembly will handle the 2025 budget with utmost scrutiny and urgency, delivering appropriately to meet the expectations of Nigerians.”
