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SENATE has resolved that Joint Committees on Finance need to legislate on the report of the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).
The upper legislative chamber during plenary on Wednesday decided to step down report presentation on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper.
Special Assistant to Senate President on Press, Ezrel Tabiowo said the decision was reached during plenary following a motion moved by the Senate Leader, Yahaya Abdullahi and seconded by the Minority Leader, Eyinnaya Abaribe.
According to Tabiowo, Abdullahi explained that the report on the 2022-2024 MTEF/FSP needs further legislation by the Joint Committees on Finance which include: National Planning, Foreign and Local Debts, Banking, Insurance and Other Financial Institutions, Petroleum Resources (Upstream) Downstream Petroleum Sector and Gas.
The lawmaker said, “The document needs further deliberation on, and therefore, needs to be fine-tuned.”
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