President Muhammadu Buhari on Friday in Abuja signed the 2022 Appropriation Bill and the 2021 Finance Bill into law.
He explained that N186.53billion of the increase came from additional critical expenditures authorized by the Minister of Finance, Budget and National Planning to forward to the legislature. He, however, expressed strong reservations about the ‘‘worrisome changes’’ made by the National Assembly to the 2022 budget proposal.
Buhari mentioned the slash of the provisions for the Non-Regular Allowances of the Nigerian Police Force and the Nigerian Navy by N15billion and N5billion respectively. President Buhari also expressed concern about the reductions in provisions for some critical projects, including N12.6billion in the Ministry of Transport’s budget for the ongoing Rail Modernisation project.
‘‘Reduction in the provisions for many strategic capital projects to introduce ‘Empowerment’ projects.
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Source: DailyPostNGR - 🏆 11. / 59 Read more »