Nigerian House of Representatives set to Approve 2018-2020 MTEF and FSP

The House of Rep has called on other arms of Government to implement effective programmes that would eradicate poverty in the country.
About 80 million Nigerians (64%) of the country’s population lived below 1.9 dollars per day.
House of Reps
House of Reps/ Photo credit: wikipedia.org
On business, President Muhammadu Buhari has sent documents containing 2018-2020 Medium-Term Expenditure Frameworks (MTEF) and Fiscal Strategy Paper (FSP) as part of the 2018 National Budget proposal to the House of Representatives for approval.

The President explained also in the letter that the MTEF and FSP were prepared to ensure that the country spends wisely. And to achieve the topmost goal of the APC-led Federal Government.
He stated in the later; “I am pleased to submit the 2018-2020 MTEF and FSP to the House of Representatives.
Let me use this opportunity to express my gratitude. For the enduring partnership between the legislative and executive arms of government.
Pursuant to provisions of the fiscal responsibility Act, 2007, the preparation towards the submission of the 2018 budget to the national assembly is progressing well.
The MTEF and FSP were prepared against the backdrop of a generally adverse global economic uncertainty as well as fiscal challenges and recovery in the domestic economy.To ensure that planned spending is set at prudent and sustainable levels and is consistent with Government’s overall developmental objectives and inclusive growth.
I, hereby, forward the 2018-2020 MTEF and FSP to the House of Representatives. And trust that it would be kindly considered and approved expeditiously. In order to bring the 2018 FGN Budget preparation process to timely closure.”

The House of Representatives Speaker Yakubu Dogara read the letter in the house.

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Today, the House of Rep has called on other arms of Government to implement effective programmes. That would eradicate poverty in the country. Also disclosed that about 80 million Nigerians (64%) of the country’s population lived below 1.9 dollars per day.
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