The Centre for the Promotion of Private Enterprise (CPPE) has praised the 2026–2028 Medium-Term Expenditure Framework, saying it is a major step toward more realistic budgeting in Nigeria. According to the organisation, the document shows a stronger commitment to planning based on real economic conditions rather than optimistic projections that often lead to budget shortfalls.

CPPE explained that the new MTEF focuses more on achievable revenue targets and controlled spending. The group highlighted that Nigeria has struggled with unrealistic figures in previous years, which contributed to rising debt and poor budget performance. The current approach, they said, is more grounded and gives room for stability in public finance.

The organisation also noted that the framework reflects improved revenue strategies, including better tax administration and efforts to grow non-oil income. CPPE believes these measures will help reduce the country’s dependence on borrowing and support economic growth. They added that disciplined spending and careful project selection will be key in making the plan successful.

Overall, the CPPE called on the government to maintain transparency and ensure implementation stays consistent with the projections in the MTEF. The group stressed that realistic budgeting is the foundation for economic recovery, investment confidence, and long-term development.