Buhari has already received the 2022 Appropriation Bill passed by the House of Representatives and the Senate on Tuesday and Wednesday, respectively.The oil benchmark was raised from the proposed $57 per barrel to $62.
The breakdown of the budget includes N869bn for statutory allocation, N3.8tn for debt servicing, N6.9tn and N5.4tn for recurrent and capital expenditure respectively.learned that the 2022 Appropriation Bill was transmitted on Friday, December 24, 2021, by the Clerk to the National Assembly, Amos Ojo, and acknowledged by the Office of the Chief of Staff to the President on Saturday, December 25.
The transmission letter, with Reference Number NASS/CNA/37/Vol.1/35, addressed to the “President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria” and titled ‘APPROPRIATION BILL, 2022.’ 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.