Nigerian Senate Passes 2026-2028 MTEF Presented by Bola Tinubu

The Nigerian Senate has approved the 2026-2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) presented by President Bola Tinubu. The MTEF, estimated at N54.4 trillion, was passed following debates and considerations.

The Senate emphasized that the MTEF is a prerequisite for budget discussions but does not represent the final budget. The document will undergo further review before the formal budget presentation.

The move is seen as crucial for the effective implementation of the federal government's agenda. Tinubu's submission marks the official commencement of the 2026 budget cycle, as reported by Daili Post.