Two months after it described the 2017 to 2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) as ’empty’, the Senate is on the verge of adopting it.
This followed the report of the Joint Committees on Finance, Appropriations and National Planning.
Presenting the report, Chairman of the joint panel, John Enoh recommended an Exchange Rate of N305 to one United States dollar, $44.5 crude oil benchmark and 2.2million barrels per day.
President Muhammadu Buhari had recommended $42 crude oil benchmark, N305 to one United States dollar and 2.2million barrels per day.