President Muhammadu Buhari to Present 2022 Budget to National Assembly on Thursday

BoomRadioNG | October 5, 2021

President Muhammadu Buhari will present the 2022 Appropriation Bill to a joint session of the National Assembly on Thursday, October 7, 2021. This was announced by the Deputy Senate President, Ovie Omo-Agege, while presiding over the plenary session in the Senate president’s stead, Ahmad Lawan, at the Senate Chamber of the National Assembly in Abuja today.

The early submission of the budget by the President is in line with the Federal Government’s effort to have the appropriation bill out on time and follow through with the January to December budget cycle.

President of Nigeria Muhammadu Buhari

The Deputy senate president, Senator Omo-Agege, had before informed the lawmakers that President Buhari has submitted the revised 2022-2024 Medium Term Expenditure Framework MTEF and Fiscal Strategy Paper (FSP), where he urged them to approve the planning documents which he said would form the basis and assumptions in the 2022 budget.

President Muhammadu Buhari had earlier stated that the revision of the MTEF and FSP reflected the new fiscal terms in the recently enacted Petroleum Industry Act and the 2022 Appropriation Bill which includes funds for the Independent National Electoral Commission (INEC) to prepare for the 2023 general elections, provisions for hazard allowance for health workers, wage adjustment for workers, and funds for the population and housing census in 2022.