The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to strictly comply with the Medium-Term Expenditure Framework (MTEF) in a renewed push to strengthen transparency, discipline and credibility in Nigeria’s budget process.
The Secretary to the Government of the Federation, George Akume, gave the directive during a courtesy visit by the management team of the Fiscal Responsibility Commission (FRC) in Abuja.
The delegation was led by the Executive Chairman of the commission, Victor Muruako, who discussed ways to deepen fiscal governance and improve compliance with existing financial regulations.
Akume emphasised that strict adherence to the MTEF is critical to aligning public spending with national development priorities. He described the framework as a key instrument for ensuring realistic revenue projections and sustainable expenditure planning.
“The Medium-Term Expenditure Framework continues to serve as a critical instrument for aligning public expenditure with national development objectives. It ensures predictability, coherence and sustainability in budgeting,” he said.
He stressed that compliance with the MTEF is not optional. According to him, all MDAs must follow its provisions to guarantee that annual budgets are based on sound macroeconomic assumptions and credible revenue forecasts.
“I wish to reiterate that all Ministries, Departments and Agencies must strictly adhere to the provisions of the MTEF. Compliance enhances the credibility of our budget process and ensures that annual appropriations are anchored on realistic macroeconomic assumptions and revenue forecasts,” Akume added.
The move is part of broader efforts by the Federal Government to entrench fiscal discipline and promote responsible public finance management. Observers say stronger compliance with the MTEF could reduce budget inconsistencies, limit unplanned spending and improve overall economic stability.
