Tag: Tajudeen Abbas

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The Nigerian National Assembly has experienced a legislative discrepancy, as the Senate and the House of Representatives approved different crude oil price benchmarks for the 2026–2028 Medium Term Expenditure Framework (MTEF). While both chambers agree on many macroeconomic targets, the disagreement over oil prices, which is the major source of Nigeria's foreign exchange earnings, highlights …

Reps Suspend 2026–2028 MTEF/FSP Consideration as Lawmakers Clash Over Oil Price Benchmark

The Nigerian House of Representatives has suspended discussion on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The decision to step down the documents was taken on Wednesday following a heated debate over how crude oil price benchmarks and revenue projections were calculated. The debate ensued in plenary immediately after James Faleke, …

Reps Suspend 2026–2028 MTEF/FSP Consideration as Lawmakers Clash Over Oil Price Benchmark

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