National assembly transmits 2022 budget to Buhari for assent

The national assembly has transmitted the 2022 budget to President Muhammadu Buhari for assent.

Ojo Amos, clerk to the national assembly, signed the accompanying letter forwarded to the president on Friday.

In October, President Mohammadu Buhari presented the 2022 budget to the national assembly.

Last week, the house of representatives and senate passed the appropriation bill on Tuesday and Wednesday, respectively.

The two chambers increased the budget spending by N735.8 billion from the proposed N16.391tn to N17.126 trillion. They also raised oil benchmark from $57 per barrel proposed by the executive to $62.

“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,” the letter reads.

“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.”