President Bola Tinubu has formally submitted the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF&FSP) to the House of Representatives for consideration and approval. The submission was made in a letter dated November 15, 2024, which was read by Speaker Tajudeen Abbas during Tuesday’s plenary session.

In his letter, the President emphasized the importance of the MTEF&FSP, which was approved by the Federal Executive Council (FEC) on November 10, 2024. He urged the House to expedite its consideration, noting that the 2025 budget will be based on the fiscal parameters and assumptions outlined in the MTEF&FSP.

The President’s letter reads in part: “It is with pleasure that I forward herewith, the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF&FSP) for the kind consideration and approval by the House of Representatives… I trust that the House of Representatives will consider this submission expeditiously.”

In addition to the MTEF&FSP, President Tinubu also submitted the National Social Investment Programme Agency (Establishment) (Amendment) Bill, 2024. This bill aims to amend the National Social Investment Programme Agency Act, 2023, by making the National Social Register the primary tool for targeting beneficiaries of the government’s social welfare programs.

The President’s letter on the bill states: “The purpose of the bill is to make the National Social Register the primary targeting tool for the implementation of social investment programmes of Government… This will ensure our social welfare programmes are data-driven and implementation processes are transparent, targeted, dynamic, and effective.”

Both submissions highlight the administration’s focus on fiscal responsibility and social welfare, with the aim of strengthening Nigeria’s economic framework and ensuring more effective social protection for vulnerable citizens.

The House is expected to deliberate on both matters in the coming days.