The Senate on Tuesday approved the 2019-2021 Medium Term Expenditure Framework and Fiscal Strategy Paper after considering the document for 155 days.
The development came just as the Senate President, Bukola Saraki, directed the Chairman of the Appropriation Committee, Danjuma Goje, to submit his report on the 2019 budget on Thursday.
The lawmakers retained the oil output of 2.3 million barrel per day, oil price benchmark of $60 per barrel, an exchange rate of N305/$1, GDP growth rate of three per cent and inflation growth rate of 9.98 per cent. The Senate adopted the proposals as recommended by the Committee on Finance in its report presented by its chairman, John Enoh.
Speaking after, the Vice- Chairman of the Appropriations Committee, Sunny Ogbuoji, said only 24 out of 61 sub-committees had submitted their reports. He said, “It is unfortunate that only 24 committees have submitted their reports. Last week, we all took a decision here that we are not going to waiver on our position.
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