NIGERIA’s President, MUHAMMADU BUHARI is expected to present the budget estimates for the 2022 fiscal year to a joint session of the National Assembly on Thursday.
This was made known by the Deputy Senate President, OVIE OMO-AGEGE, who presided over the Senate’s plenary on Tuesday.
The president, in the letter, sought to make some changes in the recently passed Medium Term Expenditure Framework (MTEF)and Fiscal Strategy Paper (FSP) – parameters on which the 2022 budget will be framed.
The president said the changes, which he is asking the National Assembly to approve in the MTEF/FSP, are in line with the newly enacted Petroleum Industry Act (PIA).
The Speaker of the House of Representatives, FEMI GBAJABIAMILA, also made a similar announcement in the House.
The sums of N15.46 trillion and N16.77 trillion were projected to be spent by the federal government in 2023 and 2024 respectively.
