The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to strictly comply with the provisions of the Medium-Term Expenditure Framework (MTEF), declaring that adherence to the framework is essential to strengthening budget credibility, fiscal discipline and transparency.
The directive was issued by the Secretary to the Government of the Federation, George Akume, when the management team of the Fiscal Responsibility Commission (FRC), led by its Executive Chairman, Victor Chinmerem Muruako, paid him a courtesy visit in Abuja.
Akume emphasised that strict observance of the MTEF by all MDAs is not optional but mandatory, noting that it safeguards the credibility and integrity of the national budget process and fosters a coordinated, disciplined fiscal environment capable of supporting sustainable economic growth.
“The Medium-Term Expenditure Framework (MTEF) 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.
“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.”
The SGF commended the Fiscal Responsibility Commission for what he described as its steadfast oversight role in monitoring compliance with the Fiscal Responsibility Act across all tiers of government.
He acknowledged the Commission’s efforts in promoting fiscal discipline and safeguarding public resources, urging it to strengthen its monitoring, reporting and enforcement mechanisms.
Akume further stressed that timely preparation and publication of audited financial statements, budget implementation reports and other statutory disclosures are critical to deepening public trust and reinforcing investor confidence.
“In an increasingly interconnected global financial environment, Nigeria must continue to demonstrate that its fiscal governance systems are credible, predictable and transparent,” he said.
According to him, the meeting with the Commission provided an opportunity to reinforce the shared responsibility of safeguarding Nigeria’s fiscal integrity and ensuring that public finance management remains sound, transparent and forward-looking.
“Consistency and discipline in fiscal operations are essential to strengthening macroeconomic stability, reducing waste and leakages, and channelling scarce resources toward sectors that directly improve citizens’ welfare,” Akume added.
Earlier in his remarks, the Executive Chairman of the FRC, Victor Chinmerem Muruako, expressed gratitude to President Bola Tinubu for what he described as reform-driven leadership under the Renewed Hope Agenda.
He noted that the administration’s commitment to revenue optimisation, expenditure control and fiscal reforms had provided the necessary political backing for the Commission’s work.
Having completed a five-year tenure at the Commission, Muruako said the FRC had strengthened its regulatory oversight of government-owned enterprises, reinforced compliance with fiscal responsibility principles and safeguarded its institutional independence during periods of uncertainty.
He also thanked the Office of the Secretary to the Government of the Federation for its steadfast support, guidance and collaboration during challenging periods.
The statement was signed by Dewan Nengak Goshit, Head of Information and Public Relations, on February 26, 2026.
