The Nigerian Senate has passed the 2023 - 2025 Medium Term Expenditure FrameWork and Fiscal Strategy Paper.
The approval follows the adoption of recommendations made by its Joint committee on Finance , National Planning and Economic Affairs.
However, lawmakers were divided over one of the committee’s recommendations that suggests the cost of Subsidy be capped at N1.7. Trillion which is less than the N3.6 Trillion initially proposed by the Executive.
The Nigerian Senate has hit the ground running with preparations to Receive President Muhammadu Buhari’s Presentation of the 2023 Appropriation Bill on Friday.
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