The Senate Unanimously Endorsed The 2022 -2024 Medium-term Expenditure Framework and Fiscal Strategy Paper.

The decision followed the adoption of the recommendations of Senator Solomon Olamilekan led joint committees on finance, National Planning and Economics Affairs, foreign and local debts, banking, insurance and other financial institutions, upstream and downstream petroleum resource sector and gas at the plenary presided by the Senate President Ahmad Lawan.

The lawmakers approved the daily crude oil production of 1.88m barrels per day, 2.23million barrels per day, and 2.22m barrels per day for 2022, 2023 and 2024 respectively and the benchmark oil price of USD$57 per barrel.


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