FG may present 2022 appropriation bill in October

President Muhammadu Buhari may present the 2022 Appropriation Bill to a joint session of the National Assembly on a yet-to-be determined date in October.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, gave the hint at a press briefing in Abuja on Monday.

Ahmed, was joined at the briefing organised to give further insight into the recent Gross Domestic Product estimates for Q2 2021 published by the National Bureau of Statistics, by the Minister of Information and Culture, Lai Mohammed; Minister of State for Finance, Budget and National Planning, Clem Agba; and the new Statistician-General of the Federation, Simon Harry.

The minister said the government planned to raise half of the €6.1billion, part of external borrowing to be used to fund the budget deficit, through euro bonds and the other half through other windows.

She said, “We will be going on a road show from October 11 after we submit the budget to the National Assembly.

“We will be starting with the roadshow from the Nigerian investors in Lagos and then, we will be meeting with investors in New York and UK within that week.”