The Federal Government has instructed all Ministries, Departments and Agencies (MDAs) to strictly adhere to the Medium-Term Expenditure Framework (MTEF) as part of efforts to enhance transparency, accountability and discipline in Nigeria’s budgeting process.

The directive was issued by the Secretary to the Government of the Federation, George Akume, during a courtesy visit by the management team of the Fiscal Responsibility Commission (FRC) in Abuja. The delegation was led by the Commission’s Executive Chairman, Victor Muruako, and focused on strengthening fiscal governance.

Akume emphasised that strict compliance with the MTEF is essential for aligning government spending with national development priorities and ensuring credible revenue projections. He described the MTEF as a vital tool for promoting predictability, coherence and sustainability in public finance management.

According to him, adherence to the framework reinforces the credibility of the annual budget by grounding appropriations in realistic macroeconomic assumptions and revenue forecasts.

The SGF also commended the FRC for its oversight responsibilities under the Fiscal Responsibility Act and called for stronger monitoring and enforcement mechanisms to reduce waste and improve investor confidence. He stressed the importance of timely submission of audited financial statements and budget performance reports, noting that fiscal discipline is key to macroeconomic stability and efficient allocation of limited resources to sectors that directly benefit citizens.

In his remarks, Muruako praised President Bola Tinubu’s Renewed Hope Agenda for providing political backing for fiscal reforms. Reflecting on his five-year tenure, he said the Commission has strengthened regulatory oversight of government-owned enterprises, enhanced compliance levels and maintained institutional independence.

He expressed appreciation to President Tinubu for his reform-oriented leadership and thanked the SGF’s office for its continued support and guidance.