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2022 budget gets presidential assent on Dec. 31, says aide

In passing the bill, both Chambers approved an increased benchmark for crude from $57 to $62 per barrel, from which a proposed increase in revenue is expected.

Pres Buhari signs Petroleum Industry Bill into Law

 

 

By Ajuma Edwina Ameh

 

 

President Muhammadu Buhari will sign the 2022 Appropriation Bill into law on Friday, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said on Tuesday.

 

Already, the National Assembly has transmitted an aggregate expenditure of N17,126,873,917,692 trillion budget for the 2022 fiscal year to President Buhari for assent.

 

Persecondnews.com had reported that both the Senate and the House of Representatives passed the 2022 budget of N17.126 trillion, upped from the N16.391 trillion presented by Buhari.

 

In passing the bill, both Chambers approved an increased benchmark for crude from $57 to $62 per barrel, from which a proposed increase in revenue is expected.

 

The transmission of the 2022 Budget to President Buhari by the National Assembly was contained in a letter by the Clerk to the National Assembly, Mr Ojo Amos and received by the Chief of Staff to the President, Prof. Ibrahim Gambari, on Saturday.

 

It reads: “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.”

 

 

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