Crisis looms as Senate queries ‘unrealistic projections in MTEF’

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By Henry Umoru

ABUJA—STRONG indications emerged yesterday at the Senate that the implementation of the N8.612 trillion 2018 budget recently presented to the joint session of the National Assembly by President Muhammadu Buhari may experience some hiccups.

This is because senators are querying critical projections used in the proposals as contained in the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper..

Trouble with regard to the projections in the proposed budget reared its head yesterday when the Minister of State for Budget and National Planning, Mrs Zainab Ahmed, the Director General of Budget Office, Mr Ben Akabueze, and other top government officials in the financial sector made presentations on the MTEF document to members of the senate’s joint committee Finance and Appropriations as regards the MTEF and FSP.

In his remarks yesterday,…



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