Daniel Kolawole/TnTv Network
President Muhammadu Buhari has forwarded to the two Chambers of the national assembly the 2020-2022 Medium Term Expenditure Framework, (MTEF) and Fiscal Strategy Paper, seeking the legislators’ approval
The fiscal document was received and read on the floor of the upper chamber by the Senate President, Ahmad Lawan during plenary on Wednesday.
The Senate President further said there is the need to focus on human capital development and strategic deployment of the Country’s resources even as Mr. President has assured that the 2020 appropriation document will soon be presented to the to the national assembly
The expenditure document outlines the Nigerian government’s fiscal policies and macro-economic projections for 2020 – 2022 .
It also provides the broad framework for the annual budget in line with the Fiscal Responsibility Act 2007.
The key thrusts of the 2020 – 2022 MTEF Fiscal Strategy Paper are consistent with the goals of the Economic Recovery and Growth Plan aimed at sustaining growth and diversifying the productive base of the economy.