Economy
Nigerian Senate passes N17.13trn 2022 budget
The Nigerian Senate on Wednesday passed N17.126 trillion as the budget for the 2022 fiscal year.
The upper legislative chamber passed the bill for the third reading after Barau Jibrin, chairman of the appropriation committee, presented a report for the consideration of his colleagues.
The House of Representatives at plenary on Tuesday passed the 2022 appropriation bill sent to it by President Muhammadu Buhari, raising the sum to N17.126 trillion.
Speaking after the passage of the budget, President of the Senate, Ahmad Lawan commended the national assembly for restoring the budget cycle back to January to December.
“Let me commend this senate for standing tall. We are rounding the year on a very high note, we passed the PIB and it is not an act, something that was not passed for over 20 years.
“We passed the electoral bill but we know there are some reservations, so we will look at it with the house of representatives. I am sure that this senate and the national assembly has done a lot in legislative intervention.
“I want to commend Nigerians, we take your advice. This national assembly is for all Nigerians.” (RadioNigeria)
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