BREAKING: Buhari signs 2022 Appropriation Bill into law

President Muhammadu Buhari on Friday signed into law the 2022 Appropriation Bill at the Council Chamber, Presidential Villa, Abuja, POLITICS NIGERIA reports.

This development is coming after President Buhari received the 2022 Appropriation Bill passed by the two chambers of the National Assembly last week.

The House of Representatives passed the bill Tuesday last week, while the Senate passed it last Wednesday raising the total estimates from the proposed N16.391trillion to N17.126 trillion.

The oil benchmark was raised from the proposed $57 per barrel to $62.

The breakdown of the budget includes N869 billion for statutory allocation, N3.8 trillion for debt servicing, N6.9 trillion and N5.4 trillion for recurrent and capital expenditure respectively.

Those that joined Buhari on Friday include Vice President Yemi Osinbajo; President of the Senate, Ahmad Lawan; Speaker of the House of Representatives, Hon Femi Gbajabiamila, and a host of other presidential aides.

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button