Tag: BENCHMARK

  • FEC APPROVES 2026–2028 MTEF WITH $64.85 OIL BENCHMARK AND ₦1,512/$ BUDGET RATE

    FEC APPROVES 2026–2028 MTEF WITH $64.85 OIL BENCHMARK AND ₦1,512/$ BUDGET RATE

    ‎ Federal Executive Council (FEC) has approved the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), adopting a conservative oil price benchmark of $64.85 per barrel and a budget exchange rate of ₦1,512/$1 for 2026. Minister of Budget and Economic Planning, Atiku Bagudu, told NEWSMEN  after Wednesday’s meeting that the framework—developed with inputs from ministries,…