Nigerian Senate Passes MTEF/FSP; Tinubu Set to Present 2026 Budget
The Nigerian Senate has approved the 2026-2028 Medium-Term Expenditure Framework/Fiscal Strategy Paper, setting the stage for Bola Tinubu to present the 2026 budget proposal. The document outlines massive aggregate expenditure projections for the upcoming fiscal years.
The Senate passed the budget after considering the report presented by Senator Moham Sani Musa. The budget proposal includes an oil benchmark of $64.85 per barrel, projected revenues of 34.33 trillion naira, and fiscal deficit of N20.13 trillion.
Godswil Akpabio described the MTEF as a prerequisite for presenting the national budget.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
Read full article
Continue on NaijaNews
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Senate Passes 2026-2028 Budget Framework as Tinubu Gears Up for Budget Presentation
Nigerian House of Representatives Approves 2026-2028 MTEF with Higher Oil Benchmark Than Senate
Presidency Confirms Tinubu to Present 2026 Budget After FEC Approval
Tinubu to Present N54.4 Trillion 2026 Budget to Nigerian National Assembly
Nigerian Senate Debates ₦58.47 Trillion 2026 Budget Proposal by Tinubu
President Tinubu to Present 2026 Budget to National Assembly, Outlining 54.46 Trillion Naira Plan
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
