House Approves 2025-2027 MTEF

Published

1 year ago

November 27, 2024

The House of Representatives has passed the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2025 to 2027 as submitted by President Bola Tinubu.

This followed the consideration and approval of the recommendations of the Joint Committee on Finance and National Planning which laid its report at Wednesday’s plenary.

The House adopted the projected oil benchmark prices pegged at 75 dollars per barrel for 2025, as well as 76.2 dollars and 75.3 dollars per barrel for 2026 and 2027.

Domestic Crude Oil Production Projections for 2025 is put at 2.06 million barrels per day representing a significant increase from 1.78 million barrels per day in the current year.

GDP growth rate is projected at 4.6, 4.4 and 5.5 percent for 2025 to 2027, respectively, while the projected exchange rate is pegged at 1,400 Naira to the US Dollar for years 2025, 2026 and 2027

The MTEF projections aim towards a realistic and sustainable foundation for Nigeria’s budget planning over the next three years.

Atiku urges INEC to reconsider 2027 election date coinciding with Ramadan

Published

4 hours ago

February 14, 2026

Ekwutos Blog

The Independent National Electoral Commission (INEC) is facing calls to reconsider the February 20, 2027, date announced for the general elections, as it coincides with the holy month of Ramadan.

Former Vice President Atiku Abubakar and other prominent Nigerians have expressed concerns that holding elections during this period may disenfranchise millions of Muslim voters, citing the physical demands of fasting and spiritual obligations.

Critics argue that fixing elections during Ramadan reflects poor judgment and a lack of sensitivity to Nigeria’s socio-religious realities. INEC has acknowledged the concerns and is undertaking consultations, with the possibility of seeking legislative intervention to adjust the dates.

Politics

PRESIDENT TINUBU EMBARKS ON ONE-DAY OFFICIAL VISIT TO KEBBI STATE

Published

15 hours ago

February 13, 2026

Ekwutos Blog

President Bola Tinubu will on Saturday embark on a one-day official visit to Kebbi State to inaugurate some projects executed by the state Governor, Dr Nasir Idris.

While in the state, the President will also headline the 61st edition of the 2026 Argungu International Fishing and Cultural Festival as the special guest of honour.

The festival is one of Africa’s most celebrated cultural events.

It is staged by the riverside of the historic Matan Fada, recognised by UNESCO as an Intangible Cultural Heritage (ICH) of Humanity.

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

Friday 13, 2026

Politics

BREAKING: Nuhu Ribadu Ordered My Arrest – El-Rufai Tells Atiku, Reveals Next Move [VIDEO]

Published

1 day ago

February 13, 2026

Ekwutos Blog

Former Kaduna State Governor, Nasir El-Rufai Has Fingered National Security Adviser, Nuhu Ribadu As The ‘Brain’ Behind His Attempted Arrest At The Nnamdi Azikiwe Airport, Abuja, On Thursday After Returning From A Trip To Cairo, Egypt.

Speaking To Former Vice President, Atiku Abubakar, Who Paid A Solidarity Visit To Him Last Night At His Residence, El-Rufai Revealed That The ICPC And DSS Not EFCC Operatives Accosted And Tried To Whisk Him Away.

In His Words; “It Turned Out That It’s The ICPC That Procured DSS To Abduct Me And Handed Me Over To Them. The ICPC Has Never Invited Me. We Just Understand That It’s ICPC Not EFCC That’s Responsible For What Happened Today And The ICPC Chairman Is Acting Of The Direct Order Of Nuhu Ribadu.”

In Response, Atiku Sympathized With Him Adding That They Must Build A Viable Opposition To Fight President Tinubu In 2027.

“We Must Come Together And Form A Very Viable Opposition Because Tinubu Is Determined To Turn Nigeria Into A One-Party System.”

Watch The Video Below;

https://www.instagram.com/reel/DUsag7_DPaP/?igsh=MXU3MWQxd2I3N2lmZg==