President Muhammadu Buhari has signed the 2022 appropriation
bill into law.
The president also signed the 2021 finance bill into law at
an event at the state house on Friday.
With this action, Buhari has maintained the January to
December budget cycle.
This is coming less than a week after the house of
representatives and senate passed the appropriation bill.
The two chambers increased the budget spending by N735.8
billion from the proposed N16.391tn to N17.126 trillion. They also raised oil
benchmark from $57 per barrel proposed by the executive to $62.
More to follow…
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