Wed. Sep 21st, 2022

PRESIDENT BUHARI SEEKS CONSIDERATION OF MEDIUM TERM EXPENDITURE FRAMEWORK.

President Muhammadu Buhari has written to the Senate on the submission of the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) for consideration.

The Senate President, Ahmed Lawan, read President Buhari’s letter during plenary after weeks of vacation at a makeshift chamber as the main Senate chamber is undergoing  renovations.

The President in the letter mentioned four other requests, including approval for the establishment of a promissory note programme in the sum of three hundred and seventy-five billion naira.

According to President Buhari, this is to settle outstanding claims to various exporters from 2007 to 2020 in respect of the export expansion ground scheme.

He also requested the lawmakers to confirm the appointment of Mr. Mohammad Sabo as the Executive Commissioner (Finance and Account) for the Board of Petroleum Upstream.

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