President Muhammadu Buhari to sign 2022 Budget on Friday.

Written by on December 29, 2021

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

The Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu, confirmed this to newsmen on Tuesday in Abuja.

According to him, the 2022 budget has been transmitted by the National Assembly and the President will sign the bill into law by 10am.

This comes barely a week after lawmakers in the House of Representatives and Senate chambers of the National Assembly passed a budget of 17.126 trillion naira, increasing the benchmark price of crude from 57 dollars to 62 dollars per barrel.

The Senate passed the 2022 budget during plenary on Wednesday last week in which the Senate President, Ahmad Lawan, gave an assurance that the bill would be sent to the President for assent the following day.

On its part, the House of Representatives passed the budget last Tuesday. The National Assembly raised the total 2022 budget figure from the proposed 16.391 trillion naira to 17.126 trillion naira.

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

Amen J Kantiyok


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