The Senate has approved the 2025-2027 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP).
The upper chamber approved the expenditure framework with a total spending of ₦54.46 trillion and a new borrowing plan of ₦17.88 trillion which constitutes both domestic and foreign borrowings.
Under the approved framework, projected revenue stands at ₦34.33 trillion, debt servicing estimated at ₦15.52 trillion and capital expenditure pegged at…
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