President Bola Tinubu has submitted the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF&FSP) to the House of Representatives for consideration and approval.
The President’s letter, dated 15th November 2024, was read by the Speaker Tajudeen Abbas during plenary on Tuesday.
The President noted that the 2025-2027 MTEF&FSP was approved during the Federal Executive Council (FEC) meeting held on November 10, 2024.
The letter reads: “It is with pleasure that I forward herewith, the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF&FSP) for the kind consideration and approval by the House of Representatives.
“The Senate is invited to note that, as the 2025 budget of the Federal Government will be prepared based on the parameters and fiscal assumptions of the approved 2025-2027 (MTEF&FSP), it is imperative to seek National Assembly’s expeditious legislative action on this submission.
“While I trust that the House of Representatives will consider this submission expeditiously. Please accept, Rt. Honourable Speaker, the assurances of my highest regards.”
The President also transmitted the National Social Investment Programme Agency (Establishment) (Amendment) Bill, 2024 to the House for consideration.
The letter was also dated 15th November 2024 and read by the Speaker during plenary.
The letter reads: “Pursuant to Section 58(2) of the Constitution of The Federal Republic of Nigeria 1999 (as amended), I forward, herewith, for the kind consideration and passage by the House of Representatives, the National Social Investment Programme Agency (Establishment) (Amendment) Bill, 2024, for the amendment of the National Social Investment Programme Agency Act, 2023.
“The purpose of the bill is to make the National Social Register the primary targeting tool for the implementation of social investment programmes of Government. This will ensure our social welfare programmes are data-driven and implementation processes are transparent, targeted, dynamic, and effective in delivering social protection benefits to vulnerable Nigerians.
“While hoping that the House of Representatives will consider this submission in the usual expeditious manner, please accept, Rt. Hon. Speaker, the assurances of my highest consideration.”
