On 3 December 2025, Nigeria’s Federal Executive Council approved a ₦54 trillion, three-year Medium‑Term Expenditure Framework (MTEF 2026–2028) & Fiscal Strategy Paper (FSP), revealing official plans for future spending. The document projects oil output of 2.06 million bpd (with a lower 1.8 mbpd baseline and a target of 2.08mbpd), an oil price benchmark of $64.85 per barrel, and a 2026 revenue expectation of ₦34.33 trillion.