Senate sets oil benchmark at $40 per barrel, passes 2021-2023 MTEF, FSP

The Senate yesterday passed for third reading, the 2021-2023 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).    Senator representing Lagos-West and chairman, Senate Committee on Finance, Olamilekan Solomon Adeola presented the Conference Report of the Joint Committee of the Senate and House on Finance on the floor of the Red Chamber.     Senator Adeola, in his presentation, said the Conference Report of both chambers of the National Assembly was harmonised, based on differences contained in the 2021-2023 MTEF/FSP document.   The joint committee further proposed total proposed expenditure at…

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