The directive came from the Chairman of the Senate Committee on Finance, Senator Sani Musa, during an interactive session with President Bola Tinubu’s economic team on Thursday at the National Assembly in Abuja.
The team, led by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, appeared before the committee to discuss the 2025–2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
Senator Musa stressed that the legislature would not proceed with MTEF deliberations until it receives a comprehensive assessment of how the 2024 budget has been implemented.
“We cannot proceed with the MTEF without first understanding how the 2024 budget has performed so far,” he said.
“We are giving you till October 23 to revert and provide a documented report before we look into the 2025–2027 MTEF.”
The lawmaker explained that the Senate’s position is aimed at ensuring transparency and accountability in fiscal planning, noting that an evidence-based review of past performance is crucial for setting realistic targets in the new budget cycle.
