Senate preceding

The Committee on Finance and National Planning on the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) has submitted its report to the Senate on Thursday, October 3.

The Senate Committee on Finance chairman, Senator Solomon Adeola, laid the report and moved for the report to be considered.

As contained in the document, the Federal Government proposed the sum of N10.002trillion as the 2020 Appropriation Bill and the sum of N2.45trillion for debt service for next year.

President Muhammadu Buhari had on September 25 submitted to the Senate the 2020-2022 MTEF/FSP and on September 26th, referred the document to its committee on Finance to report back on Wednesday, October 2.

Lawan, however, appealed to his colleagues to note that the report has been harmonized between the Senate and the House of Representatives who worked on the report jointly.

He said there was need to speedily consider and approve the report to be able to catch up with the presentation of the budget early next week by Buhari.

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By Mosvin Communications

Nation's Pride Newspaper is a production of Mosvin Communications located in Abuja, the Federal Capital Territory of Nigeria.

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