Buhari Presents 2022-2024 MTEF/FSP To Senate

…Request To Be Passed On Thursday, Says Lawan

President Muhammdu Buhari, on Tuesday, presented the 2022-2024
Medium Term Expenditure Framework and Fiscal Strategy Paper
(MTEF/FSP) to the Senate for consideration and approval.

Buhari in a letter read by Senate President Ahmad Lawan on floor
said the submission of the MTEF/FSP was to allow lawmakers ample
time to consider and pass the 2022 budget in December in order to
meet up with the January-December budget circle.

Lawan said that the upper Chamber would consider and approve the
report on Thursday to enable the executive commence work on the
2022 Appropriations Bill.

He gave the Senate Joint Committee on Finance National Planning,
Foreign and Local Debt, Banking, Insurance and other Financial
Institutions, Petroleum (Downstream) 24 hours to complete work on
the report and submit it for consideration and approval on
Thursday.

Buhari in the letter commended the upper chamber for its
commitment towards sustaining the restoration of the January to
December financial timeline under the ninth National Assembly.

While seeking the expeditious consideration of the request, the
President insisted that its timely passage would facilitate the
early preparation of the 2022 budget based on approved parameters
by the upper chamber.

The letter titled: “Submission of the Federal Government of
Nigeria 2022 – 2024 Medium Term Expenditure Framework and Fiscal
Strategy Paper” reads: “It is with pleasure that I forward the
2022-2024 Medium Term Expenditure Framework and Fiscal Strategy
Paper (MTEF/FSP) for the kind consideration and approval of the
distinguished Senate.

“Let me use this medium to express my deep gratitude for the
enduring collaboration and commitment of the leadership and
distinguished Senators in our collective efforts to sustain the
restoration of the January to December Financial year.

“On our part, we have worked very hard to sustain the early
submission of the MTEF/FSP. This is to allow the National Assembly
sufficient time to perform its important statutory duty of
reviewing the framework and strategy paper.

“I herewith forward the 2022-2024 MTEF/FSP, as the 2022 budget
of the Federal Government will be prepared based on the parameters
and fiscal assumptions of the approved 2022-2024 MTEF/FSP.

“I seek the cooperation of the National Assembly for expeditious
legislative action on the submission.”

…Request To Be Passed On Thursday, Says Lawan

President Muhammdu Buhari, on Tuesday, presented the 2022-2024
Medium Term Expenditure Framework and Fiscal Strategy Paper
(MTEF/FSP) to the Senate for consideration and approval.

Buhari in a letter read by Senate President Ahmad Lawan on floor
said the submission of the MTEF/FSP was to allow lawmakers ample
time to consider and pass the 2022 budget in December in order to
meet up with the January-December budget circle.

Lawan said that the upper Chamber would consider and approve the
report on Thursday to enable the executive commence work on the
2022 Appropriations Bill.

He gave the Senate Joint Committee on Finance National Planning,
Foreign and Local Debt, Banking, Insurance and other Financial
Institutions, Petroleum (Downstream) 24 hours to complete work on
the report and submit it for consideration and approval on
Thursday.

Buhari in the letter commended the upper chamber for its
commitment towards sustaining the restoration of the January to
December financial timeline under the ninth National Assembly.

While seeking the expeditious consideration of the request, the
President insisted that its timely passage would facilitate the
early preparation of the 2022 budget based on approved parameters
by the upper chamber.

The letter titled: “Submission of the Federal Government of
Nigeria 2022 – 2024 Medium Term Expenditure Framework and Fiscal
Strategy Paper” reads: “It is with pleasure that I forward the
2022-2024 Medium Term Expenditure Framework and Fiscal Strategy
Paper (MTEF/FSP) for the kind consideration and approval of the
distinguished Senate.

“Let me use this medium to express my deep gratitude for the
enduring collaboration and commitment of the leadership and
distinguished Senators in our collective efforts to sustain the
restoration of the January to December Financial year.

“On our part, we have worked very hard to sustain the early
submission of the MTEF/FSP. This is to allow the National Assembly
sufficient time to perform its important statutory duty of
reviewing the framework and strategy paper.

“I herewith forward the 2022-2024 MTEF/FSP, as the 2022 budget
of the Federal Government will be prepared based on the parameters
and fiscal assumptions of the approved 2022-2024 MTEF/FSP.

“I seek the cooperation of the National Assembly for expeditious
legislative action on the submission.”