The Senate Committee on Finance is currently holding an interactive session with key Ministries, Departments, and Agencies (MDAs) of the federal government to deliberate on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
The three-year fiscal document, which serves as the foundational blueprint for Nigeria's annual budgets, is fully aligned with the provisions of the Fiscal Responsibility Act.
During the session, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, assured lawmakers that full funding has been secured and released for the capital component of the 2024 budget. He further disclosed that approximately 30 percent of the 2025 budget's capital allocation is also readily available for implementation.
Edun informed the committee that the federal government has issued circulars to all MDAs outlining a comprehensive revenue optimisation programme for 2026. The initiative places strong emphasis on automation and technology, with a directive mandating that all payments be processed exclusively through digital platforms to enhance efficiency, transparency, and revenue collection.
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