Thursday, April 25, 2024

Buhari to sign 2022 Budget on Friday

Uba Group

BY MAYOWA SAMUEL

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

Senior Special Assistant to the President on Media and Publicity, Garba Shehu, confirmed this 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.

The Clerk to the National Assembly, Ojo Amos, had signed the accompanying letter forwarded to the president on Friday.

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.

“In consonance with 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 assent.

“After Your Excellency’s assent, 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,” the letter reads.

In October, President Buhari presented the 2022 budget to the National Assembly.

Last week, the House of Representatives and Senate passed the appropriation bill on Tuesday and Wednesday, respectively.

The two chambers increased the budget spending by N735.8 billion from the proposed N16.391tn to N17.126 trillion. They also raised the oil benchmark from $57 per barrel proposed by the executive to $62.

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

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