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Buhari Signs 2022 Budget of N17.126tr

President Muhammadu Buhari

President Muhammadu Buhari is currently signing the 2023 Appropriations Bill of N17.126 trillion into law.

The budget, valued at N17.126 trillion, was transmitted to the President by the National Assembly on December 24.

The President also signed the Finance Bill 2021, which he said was critical to the execution of the 2022 budget.

The oil benchmark was raised from the proposed $57 per barrel to $62. The projected oil production is put at 1.88million barrels per day, including condensates.

The signing ceremony took place at the Council Chambers, Presidential Villa, Abuja.

Present at Council Chamber to witness the ceremony are the President of Senate, Dr. Ahmad Lawan, the Speaker, Rt. Hon. Femi Gbajabiamila, and the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed.

Others are the Secretary to the government of the Federation, SGF, Boss Mustapha, the Senior Special Assistant to the President on National Assembly Matters (Senate) Senator Babajide Omoworari and some staff of the President.

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