The House of Representatives on Wednesday received a letter from President Muhammadu Buhari on the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy.
According to Dailytrust, the letter which was transmitted to the House during Plenary on Wednesday was signed by the President and addressed to the Speaker, Femi Gbajabiamila. It was however read by the Deputy Speaker, Ahmed Idris Wase, who presided over the Plenary.
Reading the letter, the Deputy Speaker quoted the President as saying that he seeks the approval of the House to revert the country’s budget cycle from January to December.
The letter will be a precursor to the promise made by the President to submit the 2020 budget to National Assembly on time to avoid delay in its passage as experienced in the past. The proposed expenditure by the administration in the 2020 budget is N9.79 trillion.
