President Muhammadu Buhari, GCFR

Buhari to assent to N17.126trn 2022 Federal Budget December 31

*The Presidency confirms the Nigerian National Assembly has transmitted the 2022 Federal Budget to President Muhammadu Buhari for his assent for the Appropriation Act to become law by 10a.m. Friday, December 31, 2021

Alexander Davis | ConsumerConnect

The Nigerian Presidency has disclosed President Muhammadu Buhari will sign the 2022 Appropriation Act into law Friday, December 31, 2021.

ConsumerConnect reports Malam Garba Shehu, Senior Special Assistant (SSA) to the President on Media and Publicity, confirmed this development while featuring on a Channels TV programme Tuesday, December 28, in Abuja, FCT.

The National Assembly, in Abuja, FCT

Malam Shehu also noted that the country’s National Assembly (NASS) has transmitted the 2022 Federal Budget to the President Buhari, who is expected will sign the bill into law by 10a.m. Friday.

The expected presidential assent comes barely a week after the lawmakers in the House of Representatives and Senate chambers of the NASS passed a budget of N17.126trillion, increasing the benchmark price of crude from $57 to $62 per barrel.

Meanwhile, a communication Mr. Ojo Amos, Clerk to the National Assembly (CNA) with Reference Number NASS/CNA/37/Vol.1/35, addressed to the Presidency has indicated that the budget was transmitted Friday, December 24, and received by the Office of the Chief of Staff to the President Saturday, December 25, 2021, report said.

The document states: “In consonance with the Provisions of the Acts Authentication Act Cap. A2, Laws of the Federation of Nigeria, 2004, I wish, with due respect, to forward to Your Excellency, the authenticated copies of Appropriation Bill 2022, for your consideration and assent.

“After Your Excellency’s assent, one copy of the signed bill should be retained in your office while the other two are to be returned for our further action, please. With my highest regards.”

The Senate passed the 2022 budget during plenary, last Wednesday, in which the Senate President, Ahmad Lawan, gave an assurance that the bill would be sent to the President for assent the following day.

The House of Representatives also passed the budget last Tuesday, as the National Assembly raised the total 2022 budget figure from the proposed N16.391 trillion to N17.126 trillion.

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