Global Upfront Newspapers
Business Cover News

Senates receives Nigeria’s 2021 – 2021 medium term expenditure framework, fiscal strategy paper from President Buhari

The Senate on Tuesday received from President Muhammadu Buhari, the 2021 – 2021 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).

The MTEF/FSP provides details of the historical performance of Budget forecasts for the macroeconomic aggregates of real and nominal GDP, as well as for estimates of government revenues and expenditure.

The Fiscal Strategy Paper also presents a number of economic forecasts/projections and key underlying assumptions as well as Government’s medium-term outlook.

The MTEF/FSP document forwarded to the National Assembly for consideration and approval was accompanied with a letter read during plenary by the Senate President, Ahmad Lawan.

The letter reads: “It is with pleasure that I forward the 2021 – 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) for the kind consideration and approval of the Distinguished Senate.

“Let me seize this opportunity to express my deep gratitude for the cooperation, support and commitment of the leadership and distinguished members of the Senate in our collective efforts to sustain the restoration of the January – December financial year.

“In line with our commitment, we have worked very hard to achieve and earlier submission of the MTEF/FSP. This is to allow the National Assembly enough time to perform its important constitutional duty of reviewing the framework.

“I herewith forward the 2021 – 2023 MTEF/FSP as the 2021 budget of the Federal Government will be prepared based on the parameters and fiscal assumptions of the approved 2021 – 2023 MTEF/FSP. I seek the cooperation of the National Assembly for expeditious legislative action on the submission.”

The Senate also on Tuesday received another request from President Buhari for the confirmation of Dr. Chukwuemeka Chukwu as Resident Electoral Commissioner representing Abia State.

“Pursuant to paragraph 14 (3) of Part one of the third schedule to the Constitution of the Federal Republic of Nigeria as amended, I am pleased to forward for confirmation by the Senate, the appointment of Dr. Chukwuemeka Chukwu as Resident Electoral Commissioner representing Abia State in the Independent National Electoral Commission (INEC),” President Buhari’s letter reads.

Meanwhile, President of the Senate, Ahmad Lawan, announced the appointment of Ibrahim El-Ladan as Acting Clerk of the Senate during plenary.

According to him, Ladan was appointed Acting Clerk of the Senate on Friday, 17th day of July, 2020.

Advertize With Us

See Also:

Satellite images of Chinese hospital parking suggests outbreak began in August – U.S. Harvard Medical School study

Global Upfront

How the legacy of slavery affects the mental health of black Americans today

Global Upfront

Canada’s five big banks join anti-hate advertising boycott of Facebook

Global Upfront

Nigeria to play role expected role in Africa, Buhari assures former Malian leader, Apha Konare

Global Upfront

NAF inducts new MI-171E helicopter as Buhari announces acquisition of 23 fighter jets since 2015

Global Upfront

How Magu turned EFCC to `glorified police station’ for selfish motives – Report

Global Upfront

Gbajabiamila, other African Speakers, take measures for debt cancellation as Nigeria hosts maiden CoSAP confab in 2021

Global Upfront

Multinational Joint Task Force rescues 12 hostages from Boko Haram terrorists’ enclave near Lake Chad

Global Upfront

Arotile, Nigeria’s first female combat helicopter pilot buried in Abuja

Global Upfront

SDP Leader, Adeniran warns that Nigeria may crash

Global Upfront

This website uses Cookies to improve User experience. We assume this is OK...If not, please opt-out! Accept Read More