President Buhari Signs N17trn 2022 Budget Into Law

President Muhammadu Buhari on Friday in Abuja signed into law the 2022 Appropriation Bill and the 2021 Finance Bill.

The President signed the documents in the Aso Rock 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.

While giving a speech at the event, President Buhari 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 further said that N186.53 billion of the increase is from additional critical and important expenditures that he had authorised the Minister of Finance, Budget, and National Planning to forward to the National Assembly.

According to him, ‘‘The Minister will provide the public with the details of the budget as passed by the National Assembly, and signed into law by me.”