National Assembly Transmits 2022 Appropriation Bill To Buhari - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
December 30, 2021
The House of Representatives had passed the bill on December 21, while the senate passed it December 22, raising the total estimates from the proposed 16.391 trillion naira to 17.126 trillion naira.
The oil benchmark was raised from the proposed 57 per barrel to 62 dollars.
The breakdown of the budget include 869 billion naira for statutory allocation, 3.8 trillion naira for debt servicing, 6.9 trillion naira and 5.4 trillion naira for recurrent and capital expenditure, respectively.
Presidential spokesman, Garba Shehu, confirmed that the National Assembly had transmitted the proposed budget to the president.