President Buhari has presented a budget of N16.39 trillion for the 2022 fiscal year titled budget of economic growth and sustainability to the National Assembly.
He mentioned this while addressing the joint session of the National Assembly on Thursday at the Green Chamber. In his words, the government plans to spend a sum of N16.38 trillion as budget in the 2020 fiscal year.
This represents the 7th presentation of the national budget by Buhari to the national assembly, which was hailed by the Senate president, Ahmed Ibrahim Lawan for ensuring timely submission of the budget proposal so that it can be signed and effected before the start of the next year.
Recall that the Federal Executive Council (FEC) recently approved the 2022 Appropriation Bill with an aggregate expenditure of N16.39 trillion, as the Minister of Finance, Budget and National Planning, Zainab Ahmed highlighted that this will help aid the funding of the Federal Government’s infrastructure projects.
Credit :- Nairametrics
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