Culled–Proshare

November 23, 2016/CardinalStone Research

On September 30, President Buhari submitted the 2017-2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the National Assembly for consideration and approval.

The MTEF comprises baseline assumptions/projections for the 2017 budget as well as a budget peformance report for H1 2016. Following approval from the upper house, amidst reviews and adjustments, the 2017 budget is expected to be submitted in December and signed into law by March 2017.

In this report, we provide some insight into assumptions and baseline projections for the 2017 budget, and provide a forecast of macroeconomic activity in

2017.