President Muhammadu Buhari, GCFR, Presenting the 2022 Budget Estimates in the National Assembly, Abuja, FCT

Inside President Buhari’s N16.39trn 2022 Federal ‘Budget of Economic Growth and Sustainability’

*President Muhammadu Buhari says Nigeria’s 2022 Federal Budget will focus on diversifying the economy, with robust MSME growth; investing in critical infrastructure; strengthening security and ensuring good governance; enabling a vibrant, educated and healthy populace; and reducing poverty among others

Alexander Davis | ConsumerConnect

Nigerian President Muhammadu Buhari Thursday, October 7, 2021, proposed a total budget of N16.39 trillion for the year 2022 to the joint session of the country’s National Assembly (NASS) in Abuja, FCT.

ConsumerConnect reports the President, in his budget speech, tagged the appropriation bill “a Budget of Economic Growth and Sustainability”.

Buhari noted that next year’s budget will focus on diversifying the economy, with robust MSME growth; investing in critical infrastructure; strengthening security and ensuring good governance; enabling a vibrant, educated and healthy populace; reducing poverty; and minimising regional, economic and social disparities.

He stated: “Defence and internal security will continue to be our top priority.

“We remain firmly committed to the security of life, property and investment nationwide.

“We will continue to ensure that our gallant men and women in the armed forces, police and paramilitary units are properly equipped, remunerated and well-motivated.”

According to him, the 2022 budget is the first time in Nigerian history, “where MDAs (Ministries Departments and Agencies) were clearly advised on gender-responsive budgeting.

“These are part of critical steps in our efforts to distribute resources fairly and reach vulnerable groups of our society,” the President said.

In his response to Buhari’s budget speech on the occasion, Senate President Ahmed Lawan assured that the National Assembly is committed to passing the budget before the end of the year.

His Excellency, President Muhammadu Buhari President, Federal Republic of Nigeri At the Joint Session of the National Assembly, Abuja, Thursday, October 7, 2021 ─‘Budget of Economic Growth and Sustainability’. Read the Full Speech HERE.

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