PRESIDENT MUHAMMADU BUHARI WRITES SENATE TO CONSIDER HIS 2023-2925 Medium Term Expenditure Framework and Fiscal Strategy Paper

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 President of the Senate, Ahmad Lawan, read President Buhari’s letter during Tuesday’s plenary at the National Assembly in Abuja, the nation’s capital. The lawmakers resumed plenary at a makeshift chamber after weeks of vacation, as the main Senate chamber is undergoing renovations.

The letter from the President also contained four other requests, including approval for the establishment of a promissory note programme in the sum of 375 billion Naira. According to the President, 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 Mohammad Sabo as the Executive Commissioner, Finance and Account for the Board of Petroleum Upstream.