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Godswill Akpabio, President of the Senate, made the announcement on Thursday during the Senate plenary session.
According to checks, both the Senate and the House of Representatives passed the 2025-2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) last week.
The MPs also agreed on a framework for daily oil production outputs of 2.06 million, 2.10 million, and 2.35 million barrels over the next three years.
The Senate approved ₦15.38 trillion for debt payments, with ₦1.443 trillion allocated for pensions, gratuities, and retiree benefits. The fiscal deficit stood at ₦13.08 trillion.
Furthermore, parliament approved GDP growth rates of 4.6%, 4.4%, and 5.5% in 2025, 2026, and 2027, respectively.
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