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BREAKING: President Buhari Signs N17.126trn 2022 Budget Into Law

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President Muhammadu Buhari on Friday, 31 December, in Abuja, signed into law the 2022 Appropriation Bill and the 2021 Finance Bill, Punch reports.

The President signed the documents in the Presidential Villa in the presence of Senate President, Ahmed Lawan; Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council.

Speaking at the event, the President said the 2022 Budget, just signed into law, provides for aggregate expenditures of N17.127 trillion, an increase of N735.85 billion over the initial Executive Proposal for a total expenditure of N16.391 trillion.

The President explained that N186.53 billion of the increase however came from additional critical expenditures that he had authorized the Minister of Finance, Budget and National Planning to forward to the National Assembly.

‘‘The Minister will provide the public with the details of the budget as passed by the National Assembly, and signed into law by me,’’ he said.

More details later….

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