On Friday, President Muhammadu Buhari will sign the Appropriation Bill for 2022.
Garba Shehu, his Senior Special Assistant on Media and Publicity, revealed this to journalists in Abuja yesterday.
According to him, his principle has received the 2022 document and will sign the bill into law by 10:00 a.m.
This comes only a week after the National Assembly authorized an N17.126 trillion budget, lifting the benchmark price of petroleum from $57 to $62 per barrel and increasing overall projections from N16.391 trillion to N17.126 trillion.
The 2022 Appropriation Bill has been formally forwarded to the President for his signature.
The budget was delivered on Friday and received by the Office of the Chief of Staff to the President on Saturday.
The letter, headed ‘APPROPRIATION BILL, 2022,’ was written to the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria with the reference number NASS/CNA/37/Vol.1/35.
It reads: “In consonance with the provisions of the Acts Authentication Act Cap. A2, Laws of the Federation of Nigeria, 2004, I wish, with due respect, to forward to Your Excellency, the authenticated copies of Appropriation Bill, 2022, for your consideration and assent.
“After Your Excellency’s assent, one copy of the signed bill should be retained in your office while the other two are to be returned for our further action, please. With my highest regards.”
With the 2020 budget, the National Assembly has reverted the country to a January-December budget cycle.
Buhari signed the 2021 Appropriation Bill into law on January 1, 2021, and its life cycle was set to end on December 31, 2021, if not for the National Assembly’s recent extension of the capital component’s lifetime by three months.