Estimated reading time: 3 minute(s)
The national assembly has forwarded the 2022 budget to President Muhammadu Buhari for assent.
This was contained in a letter signed by Ojo Amos, the clerk to the national assembly, on Friday.
Buhari had presented the 2022 budget to the national assembly earlier in October.
However, the appropriation bill was passed by the House of Representatives and the Senate last week Tuesday and Wednesday respectively.
The proposed budget increased by N735.8 billion from the proposed N16.391tn to N17.126 trillion. While the oil benchmark raised from $57 per barrel proposed by the executive to $62.
It reads in part: “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,” the letter reads.
“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.”