The President has also transmitted the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF&FSP) and Social Investment Programme Agency Bill to the National Assembly.
In separate letters dated November 15 to Akpabio and Abbas, he said the MTEF&FSP was approved on November 10 by FEC.
The letter to the Speaker partly reads: “It is with pleasure that I forward herewith, the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF&FSP) for the kind consideration and approval by the House of Representatives.
“The 2025- 2027 (MTEF&FSP) was approved during the Federal Executive Council (FEC) meeting of 10th November, 2024.
“The Speaker is invited to note that, as the 2025 budget of the Federal Government will be prepared based on the parameters and fiscal assumptions of the approved 2025-2027 (MTEF&FSP), it is imperative to seek National Assembly’s expeditious legislative action on this submission.’’
He explained in another letter that the Social Security Agency Bill was prepared ’to make the National Social Register the primary targeting tool for the implementation of social investment programmes of government.’’
The letter reads in part: “Pursuant to Section 58(2) of the Constitution of The Federal Republic of Nigeria 1999 (as amended), I forward, herewith, for the kind consideration and passage by the House of Representatives, the National Social Investment Programme Agency (Establishment) (Amendment) Bill, 2024, for the amendment of the National Social Investment Programme Agency Act, 2023.”
“The purpose of the bill is also to ensure that our social welfare programmes are data-driven and implementation processes transparent, targeted, dynamic and effective in delivering social protection benefits to vulnerable Nigerians.’’
