Senate approves MTEF 2022-2024

Senate has approved the 2022-2024 Medium Term Expenditure framework and fiscal strategy paper with the approval of Federal government aggregate expenditure of 13 Point 98 Trillion Naira for 2022 fiscal year and a projected GDP growth rate of 4 point 20 percent.
This is sequel to the consideration of the report of Senate joint  Committee led by it’s Committee on Finance  which scrutinised the financial document while the National Assembly was on recess.
The Committee‘s recommendation of 410 point 15 United States Dollars to a Naira for 2022 to 2024 fiscal year, production of 1.88 million barrels per day for 2022 and
benchmark of 57 United States Dollar per  barrel were approved.
Senate also approved the committee’s recommendation that the Salaries and wages commission should review the Salary structure of all Ministries, Departments and Agencies of Government so as to reflect the true financial position of the Agencies.

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