MTEF : Reps approve N1.64 trn as loan to fund 2019 budget vanguardngr.com vanguardnews
It will be recalled that the federal government had proposed N1.86 trillion in the 2019-2021 Medium Term Expenditure Framework MTEF and Fiscal Strategy Paper for the fiscal year ending 31st December 2019 submitted to the national assembly last year.
Considering the report of the committees in the Committee of the Whole, the House adopted the 5 different recommendations as submitted by the chairman of the House Committee on Finance, Hon. Babangida Ibrahim. The recommendations included the adoption of 2.3 million barrels of crude oil production as daily production target. That it also adopts N305 to USD1 as official exchange rate for the fiscal year 2019.
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