National Assembly Passes N17.13trn 2022 Budget

Edo Michael

The Senate has passed the 2022 appropriation bill. The bill was passed after the third reading by Barau Jibrin, chairman of the appropriation committee.

The house of representatives also passed the bill on Tuesday after jerking the appropriation bill by N735.8 billion.

Jubrin said the committee raised oil price benchmark to $62 per barrel from the $57 proposed by the executive to reflect the current “economic realities.”

After presenting his report, the Senate dissolved into the “committee of supply” to consider clauses of the 2022 appropriation bill.

Speaking after the passage of the budget on Wednesday, Senate President Ahmad Lawan commended the national assembly for restoring the budget cycle back to January to December.

Masari Signs N323.2bn Appropriation Bill Into Law

“We thank Almighty God for helping us achieve that,” Lawan said.
“Let me commend this senate for standing tall. We are rounding the year on a very high note, we passed the PIB and it is not an act, something that was not passed for over 20 years.

“We passed the electoral bill but we know there are some reservations, so we will look at it with the house of representatives. I am sure that this senate and the national assembly has done a lot in legislative intervention.

“I want to commend Nigerians, we take your advice. This national assembly is for all Nigerians.”

It will be recalled that President Mohammadu Buhari presented the 2021 budget of N16.39 trillion to a joint session of the national assembly on 9th of October 2021.