Buhari Invites Senators To Dinner After Submission Of 2022-2024 MTEF/FSP

The Nigerian Senate has received the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) for consideration and approval.

President Muhammadu Buhari sent the document which contains the country’s spending plan from 2022 to 2024 to the Senate on Tuesday.

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Senate President, Ahmad Lawan, read a letter from Buhari requesting the lawmakers’ consideration and passage of the document.

The president also requested to host the lawmakers to a dinner on Tuesday night at the State House.

The MTF/FSP describes the government’s socio-economic and developmental objectives and priorities. It would guide the Senate’s consideration and subsequent passage of the 2022 budget in December.

The Federal Executive Council (FEC) had last week approved the document which projects revenue of N6.54 trillion and N2.62 trillion as revenue to be generated through Value Added Tax (VAT) in 2022.

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