Senate approves 2024-2026 MTEF/FSP, tasks NNPC to cut operational cost

November 22, 2023/Ifunanya/Comments Off

Senate President Godswill Akpabio

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Ibrahim Ramalan

Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via ibroramalan@gmail.com, or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.

The Senate has approved the 2022-2026 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper (FSP) of President Bola Tinubu.

This followed the adoption of the report of its Joint Committee on Finance, Appropriation, National Planning, Local and Foreign Debts at plenary on Wednesday.

Presenting the report, Sani Musa the committee’s Chairman said that the committee recommended that the Nigerian National Petroleum Corporation Limited, NNPCL, should work toward reducing its operational costs to reduce wastage.
NAN