PMB to sign 2022 budget on Friday

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President Muhammadu Buhari will on Friday, December 31, 2021 sign the 2022 Appropriation Bill.

This was disclosed by Mr Garba Shehu, Senior Special Assistant to the President on Media and Publicity in an interview with Channels Television on Tuesday.

According to Shehu, the 2022 budget has been transmitted by the National Assembly and the President will sign the bill into law by 10am.

READ ALSO: President Buhari Signs 2020 Budget

The Senate and the House of Representatives had on Tuesday, December 21, 2021 passed a budget of N17.126 trillion, increasing the benchmark price of crude from USD57 to USD62 per barrel.

In a letter addressed to the Presidency by the Clerk to the National Assembly, Mr Ojo Amos, with Reference Number NASS/CNA/37/Vol.1/35, indicated that the budget was transmitted last Friday and received by the Office of the Chief of Staff to the President on Saturday.

It read, “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 on Wednesday last week in which the Senate President, Ahmad Lawan, gave an assurance that the bill would be sent to the President for assent the following day.

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

The president’s move to sign the budget before the end of the year is in sync in enabling Nigeria to continue on the path of a one-year budget cycle.

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