Senate Approves MTEF/FSP and Probes NNPCL Over N8.4 Trillion Withheld Subsidy Funds

 

The Nigerian Senate has approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), setting the stage for the country's budgetary planning. 

Concurrently, the Senate is investigating the Nigerian National Petroleum Corporation Limited (NNPCL) regarding N8.4 trillion in withheld subsidy funds. 

This inquiry aims to address concerns over transparency and accountability in the management of subsidy payments, as lawmakers seek to ensure proper financial oversight amid ongoing economic challenges.