President Muhammadu Buhari is to sign the 2022 Appropriation Bill on Friday.
According to his Senior Special Assistant on Media and Publicity, Garba Shehu, who confirmed this, the twenty-twenty-two budget has been transmitted by the National Assembly and the President will sign the bill into law by ten in morning on Friday.
This comes barely a week after lawmakers in the House of Representatives and Senate chambers of the National Assembly passed a budget of N17.126 trillion, increasing the benchmark price of crude from $57 to $62 per barrel.
The Senate passed the 2022 budget during plenary on Wednesday last week in which the Senate President, Ahmad Lawan, gave an assurance that the bill would be sent to the President for assent the following day.
On its part, the House of Representatives passed the budget last Tuesday. The National Assembly raised the total 2022 budget figure from the proposed N16.391 trillion to N17.126 trillion.
Signing the budget before the end of the year will enable Nigeria to continue on the path of a one-year budget cycle.