Budget Business Top Story

President Tinubu presents 2023 supplementary budget, seeks approval for 2024-2026 MTEF/FSP

President Bola Tinubu has made two significant moves in the realm of fiscal policy, as he presented the 2023 Supplementary Budget and sought Senate approval for the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). In a letter addressed to Senate President Ahmed Lawan, President Tinubu expressed his gratitude to the Senate Read More…

Dan Kitwood/Pool/REUTERS
Budget Business Top Story

Senate adopts 2023 supplementary budget but defers decision on loan-bonds swap

Following concerns from some legislators, the Nigerian Senate on Wednesday increased the country’s 2023 budget by 6.4% to ₦‎21.83 trillion ($49 billion) and postponed a decision on the president’s request to convert central bank overdrafts to long-term bonds. President Muhammadu Buhari had previously requested permission from the legislature in a letter dated December 20 to Read More…