President Muhammadu Buhari will sign the 2022 Appropriation Bill on Friday, presidential spokesperson, Garba Shehu, has said.
Shehu disclosed on Tuesday that the 2022 budget has been transmitted by the National Assembly and the President will sign the bill into law by 10am on Friday.
The lawmakers had last week passed a budget of N17.126 trillion, increasing the benchmark price of crude from $57 to $62 per barrel.
According to the document from the National Assembly to the Presidency, with Reference Number NASS/CNA/37/Vol.1/35, the budget was transmitted last Friday and received by the Office of the Chief of Staff to the President on Saturday.
The document signed by the Clerk to the National Assembly, Ojo Amos, 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.
The Senate had on Wednesday passed the 2022 budget during plenary; the House of Representatives passed the budget last Tuesday.
The National Assembly raised the total 2022 budget figure from the proposed N16.391 trillion to N17.126 trillion.
