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Senate passes 2024-2026 MTEF-FSP, N26trn budget proposal for 2024

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The Senate of the Nigerian National Assembly on Wednesday passed the 2024-2026 Medium Term Expenditure Framework (MTEF).

Projections approved by the Senate for 2024 include:-

* 1.78 million barrels daily crude production,

at 73.6 dollars per barrel.

 

READ ALSO: Fear of oil price fall as OPEC postpones meeting to Nov 30

 

* Exchange rate approved is 700 naira to the dollar

* GDP growth rate is 3.76 percent.

* N26 trillion budget projection for 2024, with N16.9 trillion as projected revenue.

* N9 trillion deficit.

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