The Senate has issued a two-week ultimatum to the executive to submit a comprehensive, documented progress report on the implementation of the 2024 budget, as well as projections for the 2025 budget, before it will entertain the Medium-Term Expenditure Framework (MTEF).
Chairman of the Senate Committee on Finance, Sen. Sani Musa, gave the declaration during a meeting with President Bola Tinubu’s economic team, led by Minister of finance and Coordinating Minister of the economy, Wale Edun, at the National Assembly.
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Senator Musa noted that the legislature requires detailed performance data to properly assess the assumptions and projections in the proposed MTEF and Fiscal Strategy Paper.
Source: Channels TV
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