The 2022 budget has been transmitted to President Muhammadu Buhari for assent by the national assembly.
Recall that the two chambers of the national assembly had increased the budget spending by N735.8 billion from the proposed N16.391tn to N17.126 trillion. They also raised oil benchmark from $57 per barrel proposed by the executive to $62.
Ojo Amos, clerk to the national assembly also signed the accompanying letter forwarded to the President on Friday December 24.
The letter of transmission, with Reference Number NASS/CNA/37/Vol.1/35, was addressed to the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria and titled ‘APPROPRIATION BILL, 2022.
“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.”