President Bola Ahmed Tinubu has recently taken significant steps in governance by transmitting the Medium-Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) to the House of Representatives for consideration and approval. This framework is crucial for outlining the government’s fiscal policies and budgetary priorities over the medium term.
In addition, President Tinubu has requested the approval of both the Senate and the House of Representatives for an external borrowing plan amounting to $2.2 billion. This borrowing is likely aimed at financing critical projects and addressing fiscal challenges.
Furthermore, the President has sought confirmation for three nominees to serve as Commissioners for the Independent National Electoral Commission (INEC). This move is essential for ensuring the effective functioning of INEC, especially in the context of upcoming elections and the overall electoral process in the country.
These actions reflect the administration’s ongoing efforts to manage the country’s economic strategies and enhance the electoral framework.