President Buhari Presents 2022 Budget Thursday

Nigerian President Muhammadu Buhari will on Thursday, October 6, 2021, by 12.00pm present the 2022 Appropriations Bill at a joint session of the National Assembly.

President Muhammadu Buhari is expected to present the 2022 budget to a joint session of the National Assembly on Thursday.

President Muhammadu Buhari

Ovie Omo-Agege, The Deputy Senate President of the Nigerian Senate hint at this on Tuesday after reading and referring President Muhammadu Buhari’s submission of the revised 2022-2024 Medium Term Fiscal Framework to the Committee on Finance for legislative input.

Obarisi Ovie Omo-Agege

The president had earlier on Tuesday, presented a revised 2022-2024 Medium Term Expenditure (MTEF) and Fiscal Strategy Paper (FSP) to the Senate for approval.

The revised MTEF/FSP provides the basic structure for the estimates and assumptions that underline the annual budget.

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President Muhammadu Buhari also seeks to increase Nigeria’s 2022 budget from N13.98 trillion to N16.45 trillion. This was contained in a letter to the Senate President, Ahmad Lawan.

The changes, he said (President Buhari) are in line with the newly enacted Petroleum Industry Act (PIA).

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