Reps pass MTEF, retain $64 per barrel oil benchmark but senate approves $60
[NigerianEye - Nigeria] - 19/12/2025
The House of Representatives has passed the 2026-2028 medium-term expenditure framework (MTEF) and the fiscal strategy paper (FSP). The lower legislative chamber approved the MTEF during Thursday’s plenary, after James Faleke, chairman of the committee on finance, moved a motion for the consideration of the report. The house endorsed the projected crude oil benchmark prices of $64.85, $64.3, and $65.5 per barrel for 2026, 2027, and 2028, respectively. On Tuesday, the senate passed the MTEF but approved a downward review of the crude oil benchmark price for 2026 to $60 per barrel, from (…)
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