Nigerian President, Muhammadu Buhari on Thursday proposed a total budget of N16.39 trillion for the year 2022 to the National Assembly.
While speaking at the assembly chambers, the President titled the appropriation bill “a Budget of Economic Growth and Sustainability”.
He disclosed that the budget will focus on diversifying the economy, with robust MSME growth; investing in critical infrastructure; strengthening security and ensuring good governance; enabling a vibrant, educated and healthy populace; reducing poverty; and minimizing regional, economic and social disparities.
The President added that “Defence and internal security will continue to be our top priority,” “We remain firmly committed to the security of life, property and investment nationwide.
“We will continue to ensure that our gallant men and women in the armed forces, police and paramilitary units are properly equipped, remunerated and well-motivated.”
He also noted that the 2022 budget is the first time in Nigerian history, “where MDAs were clearly advised on gender-responsive budgeting.
“These are part of critical steps in our efforts to distribute resources fairly and reach vulnerable groups of our society,” he said.
The Senate President, Ahmed Lawan, said the National Assembly is committed to passing the budget before the end of the year.