News
Senate Passes ₦17.126 Trillion Budget For 2022
The Senate, on Wednesday, passed a N17.126trn budget for the 2022 fiscal year, raising the figure by N800 billion.
The passage of the budget followed the consideration of a report by the Committee on Appropriations on the 2022 Appropriations bill.
The House of Representatives passed the budget on Tuesday.
President Muhammadu Buhari had submitted a budget of N16.391 trillion to the National Assembly.
The Senate also raised the oil benchmark to $62 as against the $52 that was proposed by the executive, while the exchange rate was retained at N410.15.
It said the increase in oil price was to reflect the current market values of the oil barrel in the international market.
In his presentation, Chairman of the Committee, Jibrin Barau (APC – Kano North), while giving highlights of the bill, said out of the total sum of N17.126trn for the fiscal year 2022, N869.6bn is for Statutory transfers; N3.8trn is for Debt Service; N6.9trn is for Recurrent Expenditure; and N5.4trn for Capital Expenditure.
-
Music6 days ago
Boy Spyce – You (Rum & Schnapp)
-
Music6 days ago
Fireboy DML – Everyday
-
Music3 days ago
Olarisky ft. Eazimiaqii Rasta – Aza (Remix)
-
Music6 days ago
Vibez Inc ft. Seyi Vibez & Dwillsharmony – Gatti
-
Music4 days ago
Emesi osha – KARMA
-
Music5 days ago
Vibez Inc ft. Billion Solar, Tml Vibez & Balloranking – Alubarika
-
Music3 days ago
Darlsweetboy ft. G.O.E – Pray
-
Music2 days ago
Logicxxx – Kakku