President Muhammadu Buhari has signed the N17.126 trillion Appropriation Bill for 2022 into law.
On Friday, the President signed the 2021 Finance Bill into law at the Presidential Villa’s Council Chamber.
The Appropriation Bill was delivered to the President by his Senior Special Assistant (Senate) on National Assembly Matters, Senator Babajide Omoworare.
While signing the 2022 appropriation bill, dubbed ‘Budget of Growth and Sustainability’, President Buhari was joined by the President of the Senate, Ahmed Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila.
Mrs. Zainab Ahmed, Minister of Finance, Budget, and National Planning, was also present at the signing of the budget.
Boss Mustapha, Secretary to the Government of the Federation, and some cabinet members, as well as principal officers of the national assembly, are among those in the chamber.
The president commended the NASS leadership for meeting the deadline to keep the federal government’s one-year budget cycle running from January to December.
He expressed the hope that the current cordial relationship between the executive and legislative branches would be maintained for the country’s overall benefit.
Buhari, on the other hand, voiced qualms about some of the amendments made to the original 2022 appropriation bill that he brought to the NASS for approval, calling them alarming.
The president claimed that he merely signed the budget into law to permit its execution on January 1, 2022, and that when the NASS resumed session in 2022, he would seek revisions to some of the budget’s provisions.
According to InsightnaijaTV, the National Assembly boosted the entire budget amount for 2022 from N16.391 trillion to N17.126 trillion, with the crude oil benchmark rising from 57 to 62 dollars per barrel.
