FG Approves 2025-2026 MTEF, Targets N47.9trn For 2025
<p>The Federal Executive Council approved Nigeria’s 2025-2027 Medium-Term Expenditure Framework, setting the federal budget at ₦47.9 trillion.</p>
<p>The post <a rel="nofollow" href="https://www.arise.tv/fg-approves-2025-2026-mtef-targets-n47-9trn-for-2025/">FG Approves 2025-2026 MTEF, Targets N47.9trn For 2025</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>
The Federal Executive Council (FEC) has approved the 2025-2027 Medium-Term Expenditure Framework (MTEF), setting Nigeria’s federal budget at ₦47.9 trillion for 2025.
The plan includes ₦9.22 trillion in new borrowing to finance the deficit, with an oil benchmark of $75 per barrel, production at 2.06 million barrels per day, and an exchange rate of ₦1,400 to the dollar.
The framework, presented by the Ministry of Budget and Economic Planning, projects GDP growth of 4.6% in 2025. It also emphasizes fiscal reforms, including sustaining market deregulation for petroleum prices and urging the Nigerian National Petroleum Corporation Limited (NNPCL) to reduce production costs.
Minister of Budget and Economic planning made this known after the council meeting in Abuja
The MTEF is scheduled for submission to the National Assembly between Friday and Monday
<p>Former Nigeria President Muhammadu Buhari says he's fully committed to the success of the Tinubu-led APC government.</p>
<p>The post <a rel="nofollow" href="https://www.arise.tv/in-personal-phone-call-buhari-prays-for-tinubu-wishes-president-well-on-72nd-birthday/">In Personal Phone Call, Buhari Prays For Tinubu, Wishes President Well On 72nd Birthday </a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>
Lights, camera, action! The prestigious Africa Magic Viewers’ Choice Awards (AMVCAs) 2023 was bigger and more glamorous than ever before. It brought about an explosion…
<img src="https://www.mtlblog.com/media-library/man-cleaning-his-car-from-the-snow-in-montreal.jpg?id=59063505&width=1200&height=600&coordinates=0%2C12%2C0%2C12"/><br/><br/><p>While the calendar says spring has arrived, <a href="https://www.mtlblog.com/tag/quebec-weather" target="_blank">Quebec's weather</a> doesn't seem to be playing by the rules.</p><p>If you've already swapped your winter boots for sneakers and fired up the BBQ for some early spring grilling, you might want to think again, as Mother Nature clearly has other plans.</p><p><span></span>A major weather system coming from the southwestern United States is expected to slam into Quebec this weekend, from March 29 to 31, 2025, and it's shaping up to be a nasty one. According to <a href="https://www.mtlblog.com/tag/environment-canada" target="_blank">Environment Canada</a>, the storm could bring heavy snowfall, freezing rain, and rain, depending on how the system tracks and which air masses collide. The warning was shared through a post on X, urging residents to prepare for messy conditions in the coming days.</p><blockquote class="rm-embed twitter-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1904662445181845522">
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<p>Meanwhile, as many drivers have already <a href="https://www.mtlblog.com/winter-tires-quebec-date" target="_blank">made the switch to summer tires</a> (following the end of the winter tire mandate on March 15), a winter road conditions advisory has already been issued in certain parts of the province.</p><blockquote class="rm-embed twitter-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1904881465642406373">
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<p>As reported by <a href="https://www.meteomedia.com/fr/nouvelles/meteo/previsions/un-gros-joueur-meteo-sous-haute-surveillance-pour-le-week-end" target="_blank">The Weather Network</a>, this weekend's storm could last from Saturday to Monday and is expected to hit the southern part of the province the hardest. Current forecasts suggest 10 to 15 cm of snow could fall on Greater Montreal on Saturday, followed by over 20 mm of rain on Sunday and Monday.</p><p>"The atmospheric conditions are ideal for a messy weather cocktail in southern Quebec. Cold air is firmly in place to the north, while warm air is pushing up from the south," The Weather Network warns. "If the warm air manages to rise above while the cold air remains at the surface, it could result in significant amounts of freezing rain."</p><p>While it's still too early to determine the exact amounts of snow and rain, meteorologists are already warning Quebecers to brace for difficult road conditions and to stay cautious throughout the weekend.</p><p>In the meantime, you may want to retrieve your shovel and de-icing salt. </p><p><em>Love this? Check out our <a href="https://www.mtlblog.com/notices/" target="_blank">MTL Blog noticeboard</a> for details on jobs, benefits, travel info and more!</em></p>
<p><em>AI tools may have been used to support the creation or distribution of this content; however, it has been carefully edited and fact-checked by a member of MTL Blog's Editorial team. For more information on our use of AI, please visit our <a href="https://www.mtlblog.com/editorial-standards" target="_blank">Editorial Standards page</a>.</em></p><p><br/></p>
