REVIEW OF THE 2017-2019 MEDIUM TERM EXPENDITURE FRAMEWORK.

RECOMMENDATIONRECOMMENDATIONS

1. Preliminary Issues

(i) Future MTEFs should be submitted to the NASS immediately after endorsement and this must be done by the EXCoF in June in line with the provisions of the Act. The MTEF should be sent to the NASS in July before the commencement of the mid-year legislative recess. This will enable the legislature sufficient time to analyse and approve the MTEF and for actual preparation of budgetary estimates to start on time.

(ii) The MTSS should precede the preparation of the MTEF and all relevant stakeholders should be brought on board during the preparation process.

(iii) The MTEF should be anchored on consultations with states and designated agencies of government. The Minister of Budget and National Planning should also open up the process for consultation with diverse stakeholders including the organized private sector and civil society. The process and fact of the consultation should be documented in the MTEF as provided in the Act.

(iv) Nigeria needs a new overarching and fundamental economic policy document and vision to coordinate all sectoral activities and introduce coherence and convergence into sector policies.

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