Buhari to sign 2022 Budget on Friday, as NASS transmits document to President for assent

President Muhammadu Buhari will sign the 2022 Appropriation Bill on Friday, the Presidency has confirmed.

The President’s Senior Special Assistant on Media and Publicity, Garba Shehu, confirmed during a television programme yesterday, in Abuja.

This comes barely a week after lawmakers in the House of Representatives and Senate chambers of the National Assembly passed a budget of N17.126 trillion, increasing the benchmark price of crude from $57 to $62 per barrel.

Meanwhile, the National Assembly has transmitted the 2022 Appropriation Bill to the President for his assent.

Recall that the House of Representatives and the Senate passed the Federal Government’s budget on Tuesday and Wednesday last week, respectively, raising the total estimates from the proposed N16.391 trillion to N17.126 trillion. The document, with Reference Number: NASS/CNA/37/Vol.1/35, indicated that the Budget was transmitted last Friday and received by the Office of the Chief of Staff to the President on Saturday.

Signing the Budget before the end of the year will enable Nigeria to continue on the path of a one-year budget cycle.

Related news

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.