The National Assembly has transmitted the 2022 Appropriation Bill to the President, Major General Muhammadu Buhari (retd.), for assent.

The House of Representatives and the Senate passed the Federal Government’s budget on Tuesday and Wednesday last week, respectively, raising the total estimates from the proposed N16.391tn to N17.126tn.

The oil benchmark was raised from the proposed $57 per barrel to $62.

President of the Senate, Ahmad Lawan, had said the budget would be transmitted to Buhari by Thursday.

A communication from the Clerk to the National Assembly, Ojo Amos, to the Presidency, a copy of which our correspondent sighted on Tuesday, showed that the budget was transmitted on Friday and received by the Office of the Chief of Staff to the President on Saturday.

The letter of transmission, with Reference Number NASS/CNA/37/Vol.1/35, was addressed to the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria and titled ‘APPROPRIATION BILL, 2022.’

It read, “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.


The National Assembly had with the 2020 budget returned the country to a January-December budget cycle.

Buhari had signed 2021 Appropriation Bill into law on January 1, 2021, while it’s life cycle was expected to expire on December 31, 2021 (Friday) but for the recent extension of the lifespan of its capital component three months by the National Assembly.

The President is expected to assent to the money bill by Saturday.

Sopsio:
The president should make sure he properly mulls over the document before signing.

treesun:
How we they fund this humongous projection called budget?!

treesun:


https://punchng.com/breaking-national-assembly-transmits-2022-budget-to-buhari-for-assent/

WillyDave:


He will quickly sign this without a blink. Idiot of the highest order. If it is to sign the electoral act into law he will be giving flimsy excuses. Buhari would have written his name in gold if he had done that. We would have made significant progress in our electoral processes. Snatching of ballot boxes would have been a thing of the past. Rewriting of results would have ended. The right and popular candidates would have emerged after elections. Politicians would have known that without working, no reelection. Buhari and Malami are the worst thing that has ever happened to us as a country. If he had signed the electoral act, I would have forgiven him of all his atrocities as the worst president Nigeria ever had. My heart bleeds because the future of this country looks so blick.