ADVERTISEMENT
ADVERTISEMENT
Loading banners
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
The Nigerian Senate
The Senate on Tuesday projected the sum of N54.46trillion as the federal government’s aggregate expenditure for the 2026 fiscal year.
This followed the passage of the 2026 – 2028 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) during plenary.
Also, the Senate approved the sum of US$64.85 per barrel as the oil benchmark, projected aggregate revenue of N34.33trillion, Fiscal Deficit of N20.13 trillion, Borrowings at N17.88trillion, Debt Service of N15.52 trillion, and Pensions, gratuities, retirees’ benefits of N1.376trillion.
The approval of the fiscal document followed the presentation and consideration of the report of the Senate Committees on Finance during plenary.
The report was presented by the Chairman of the Committee, Senator Mohammed Sani Musa (APC – Niger East). (The Nation)
