Buhari to sign 2022 Appropriation Bill Friday

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President Muhammadu Buhari will on Friday assent to the the 2022 Appropriation Bill, which was passed by the two chambers of the National Assembly last week.

While the House of Representatives passed the bill last Tuesday, the Senate passed it the following day.

The National Assembly had raised the total estimates from the proposed N16.391trillion to N17.126 trillion.

The oil benchmark was was also upped from the proposed $57 per barrel to $62.

The breakdown of the budget include N869 billion for statutory allocation, N3.8 trillion for debt servicing, N6.9 trillion and N5.4 trillion for recurrent and capital expenditure respectively.

The 2022 Appropriation Bill was transmitted last Friday by the Clerk of the National Assembly Amos Ojo, and was received by the Office of the Chief of Staff to the President on Saturday.

“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.”

Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, confirmed that the Budget had been transmitted to President Buhari by the National Assembly and that he will assent to the bill on Friday.

“Yes, it’s true the President will sign the 2022 budget by Friday,” he said.

It was further gathered that the Budget signing ceremony will hold in the Executive Council Chamber at the Presidential Villa, Abuja, by 10am on Friday.

Those expected to join the President at the signing ceremony include Vice President Yemi Osinbajo; Senate President Ahmad Lawan; Speaker of the House of Representatives Femi Gbajabiamila, and a host of other presidential aides

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