President Buhari Set to Sign Appropriation Bill

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

Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this during his appearance on Channels Television, Tuesday in Abuja.

He noted that Buhari would sign the bill into law by 10 am. Recall that the National Assembly had transmitted the 2022 budget of N17.126 trillion, which raised the benchmark price of crude from $57 to $62 per barrel.

The budget breakdown is as follows: N869bn for statutory allocation, N3.8tn for debt servicing, N6.9tn and N5.4tn for recurrent and capital expenditure, respectively.

The National Assembly Clerk, Ojo Amos, had in a communique addressed to the Presidency with Reference Number NASS/CNA/37/Vol.1/35, noted that the budget was transmitted last Friday and received by the Office of the Chief of Staff to the President on Saturday.

It read, “Following the Provisions of the Acts Authentication Act Cap. A2, Laws of the Federation of Nigeria, 2004, I wish, with due respect, to forward to Your Excellency the authenticated copies of Appropriation Bill, 2022, for your consideration and consent.

“After Your Excellency’s permission, one copy of the signed bill should be retained in your office while the other two are to be returned for our further action, please.

“With my highest regards.”
Recall that last week Wednesday, while it’s plenary, the Senate had passed the 2022 budget and the Senate President, Ahmad Lawan, stated that the bill would be sent to the President for assent the following day.

Meanwhile, the House of Representatives had on Tuesday last week passed the budget. The National Assembly raised the total 2022 budget figure from the proposed N16.391 trillion to N17.126 trillion.

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