Tinubu may present 2026 budget this week as Senate passes 2026–2028 MTEF

The Senate on Tuesday passed the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP), clearing the way for President Bola Ahmed Tinubu to present the 2026 Appropriation Bill, estimated at N54.4 trillion, later this week. The passage followed the consideration and adoption of a report presented at plenary by the Chairman of […]

The Senate on Tuesday passed the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP), clearing the way for President Bola Ahmed Tinubu to present the 2026 Appropriation Bill, estimated at N54.4 trillion, later this week.

The passage followed the consideration and adoption of a report presented at plenary by the Chairman of the Senate Committee on Finance, Senator Sani Musa (APC, Niger East).

Announcing the approval, Senate President, Godswill Akpabio, said the passage of MTEF would allow the National Assembly to receive the 2026 budget proposal between now and Thursday, adding that the document remained subject to review once the full budget was formally laid before lawmakers.

Akpabio expressed optimism that the projections contained in the MTEF would be realistic enough to support the effective implementation of the federal government’s Renewed Hope agenda.