President Buhari Signs 2022 Appropriation Bill Into Law

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President Buhari Signs 2022 Appropriation Bill into Law
President Buhari Signs 2022 Appropriation Bill into Law

President Muhammadu Buhari has signed the 2022 Appropriation Bill of 17.126 trillion naira into law.

The President signed the budget presented to him by his Senior Special Assistant on National Assembly, Senator Babajide Omoworare, today at the Council Chamber of the Presidential Villa in Abuja, the nation’s Capital.

He was, however, displeased with some changes as well as major additions and reductions made by the National Assembly in critical projects without justification.

The President also expressed his reservations on the inclusion of new provisions totaling 36.59 billion naira for National Assembly’s projects in the Service Wide Vote, which he said negated the principles of separation of powers and financial autonomy of the Legislative arm of government.

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According to him, most of the projects inserted relate to matters that are basically the responsibilities of state and local governments and do not appear to have been properly conceptualised, designed, and costed.

President Buhari said he would revert to the National Assembly with a request for an amendment as soon as the lawmakers return from their recess, to ensure that critical ongoing projects cardinal to his administration do not suffer a setback as a result of reduced funding.

He promised to commence early preparation of the 2023 transition budget and quickly begin the process to ensure early submission of the 2023-2025 Medium-Term Expenditure Framework and Fiscal Strategy Paper as well as the 2023 Appropriation Bill to the National Assembly.

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