The House of Representatives has commenced its legislative examination of the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), submitted by President Bola Ahmed Tinubu for approval.
Rep James Faleke, Chairman of the House Committee on Finance, during an interactive session with Ministers and Permanent Secretaries from various Ministries, Departments, and Agencies , emphasised the imperative of the interface in Abuja on Wednesday. He said the importance of the interface is to ensure the passage of a realistic MTEF/FSP before the presentation of the 2024 annual budget.
“Additionally, we will investigate factors contributing to revenue shortfalls, such as oil theft and NNPC agreements affecting revenue deductions at source. Faleke also highlighted the significance of government revenue, which remains the largest individual sub-head of the Federal Government. He said the committee was expected to exceed the revenue estimates submitted by the Budget Office through operations of government-owned agencies.
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