President Muhammadu Buhari has received the 2022 budget from the National Assembly and is set to sign it on Friday, December 31.
The both chambers of the National Assembly had last week passed N17.126 trillion as the 2022 budget, raising the N16.391 trillion budget proposal by the Federal Government by N800 billion.
The lawmakers also raised the oil benchmark from the proposed $57 per barrel to $62.
The President of the Senate, Ahmad Lawan, had on Wednesday, December 22, when the Upper Chamber of the National Assembly passed the budget, said the document would be sent to Buhari for his assent by Thursday, December 23.
On Tuesday, December 28, the Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu, confirmed that the 2022 Appropriation Bill had been transmitted by the National Assembly to Buhari.
He said that the President would sign the bill into law by 10am on Friday.
Meanwhile, a communication addressed to the Presidency by the National Assembly’s Clerk, Ojo Amos, showed that the budget was transmitted on Friday and was received by the Office of the Chief of Staff to the President on Saturday.
The letter of transmission, with Reference Number NASS/CNA/37/Vol.1/35, which was 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.
“With my highest regards.”