The Senate has passed the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) of the Federal Government.

Recall that President Muhammadu Buhari had on Thursday last week, in a letter, urged the upper chamber to consider and approve the 2020-2022 MTEF/FSP.

But the upper House considered and approved the recommendation of the Senator Solomon Adeola-led Senate Committee on Finance that the price of crude oil put at $25 per barrel by the Federal Government, be increased to $28 per barrel.

The upper chamber also approved that the proposed daily oil production benchmark of 1.9 million barrel per day be...

https://olikareportersnews.com/breaking-senate-passes-2020-2022-medium-term-expenditure-framework/