December 31, (THEWILL) – President Muhammadu Buhari has signed the 2022 Appropriation Bill of N17.126 trillion into law.
The President also signed the 2021 Finance Bill into law on Friday at the Council Chamber of the Presidential Villa in Abuja
The Appropriation Bill was presented to the President by his Senior Special Assistant (Senate) on National Assembly Matters, Senator Babajide Omoworare.
While signing the 2022 appropriation bill, titled ‘Budget of Growth and Sustainability’, President Buhari was flanked by the President of the Senate, Ahmed Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila.
The Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, also witnessed the signing of the budget.
Others at the chamber include Secretary to the Government of the Federation Boss Mustapha, some cabinet members as well as principal officers of the national assembly.
The president thanked the leadership of the NASS for meeting the deadline of maintaining Federal Government’s one-year budget cycle of January to December.
He expressed the hope that the existing cordial relationship between the Executive and legislature would be sustained for the general good of the country.
Buhari, however, expressed reservations over some changes effected into the original 2022 appropriation bill he presented to the NASS for approval, describing such actions as worrisome.
The president stated that he only signed the budget into law to enable its implementation from Jan. 1, 2022, saying he would soon seek for amendments of some provisions of the budget when the NASS resumed session in 2022.
THEWILL reports that the National Assembly had raised the total 2022 budget figure from the proposed N16.391 trillion to N17.126 trillion, with the crude oil benchmark increased from 57 dollars per barrel to 62 dollars per barrel.
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