President Muhammadu Buhari has signed into law the 2022 Appropriation Bill and the 2021 Finance Bill.
The President signed the documents in the Presidential Villa in the presence of Senate President Ahmed Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council.
Speaking at the event, the President said the 2022 Budget, just signed into law, provides for aggregate expenditures of N17.127 trillion, an increase of N735.85 billion over the initial Executive Proposal for a total expenditure of N16.391 trillion.
The president thanked the leadership of the NASS for meeting the deadline of maintaining Federal Government’s one-year budget cycle of January to December.
He expressed the hope that the existing cordial relationship between the Executive and legislature would be sustained for the general good of the country.
Buhari, however, expressed reservations over some changes effected into the original 2022 appropriation bill he presented to the NASS for approval, describing such actions as worrisome.
The president stated that he only signed the budget into law to enable its implementation from Jan. 1, 2022, saying he would soon seek for amendments of some provisions of the budget when the NASS resumed session in 2022.