IN FULL: Buhari's remarks after signing 2022 budget into law | TheCable

December 31, 2021 12:16 PM

5. I equally appreciate the continued mutual understanding, collaboration and productive engagements between officials of the executive and the legislative arms of government which have made this expeditious consideration as well as the passage of the bills possible.6. We must continue to sustain this partnership in the interest of our people in order to ensure the effective implementation of the budget and realisation of its laudable objectives.

10. The 2022 budget that I just signed into law provides for aggregate expenditures of N17.127 trillion, an increase of N735.85 billion over the initial Executive Proposal for a total expenditure of N16.391 trillion. N186.53 billion of the increase however came from additional critical expenditures that I had authorised the minister of finance, budget and national planning to forward to the national assembly.

c. Reduction of the provisions for the Non-Regular Allowances of the Nigerian Police Force and the Nigerian Navy by N15 billion and N5 billion respectively. This is particularly worrisome because personnel cost provisions are based on agencies’ nominal roll and approved salaries/allowances; iii. Reduction of N14.5 billion from several projects of the Ministry of Agriculture, and introducing over 1,500 new projects into the budgets of this Ministry and its agencies.

iii. Most of the projects inserted relate to matters that are basically the responsibilities of State and Local Governments, and do not appear to have been properly conceptualized, designed and costed. 16. Despite the lingering adverse effects of COVID-19 on budget implementation, I am happy with the success recorded in the implementation of the 2021 Budget. The sum of N3.94 trillion that was provided for the implementation of capital projects by MDAs during the fiscal year has been released fully.

20. Considering the incidence of new COVID-19 variants globally, we will ensure timely implementation of measures provided for in the 2022 Budget to contain the spread of the virus and protect our people. We continue to count on the collaboration of the State governments in our effort to protect the lives and livelihood of our people.

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