Senate To Pass 2022 Budget On Today


Senate To Pass 2022 Budget On Today

Barring any last minute change, the Nigerian Senate will pass the 2022 budget into law on Tuesday.

Recall that on October 7, President Muhammadu Buhari presented the 2022 budget to a joint session of the National Assembly.

The Nigerian leader presented the federal government’s total expenditure of N16.45 trillion, but the Senate Committee on Finance reduced it to N16.39 trillion.

Speaking with reporters on Monday, Chairman of the Senate Committee on Appropriation, Senator Barau Jibrin, said the budget will be presented and considered during Tuesday plenary.

He disclosed that the budget has not been laid and considered due to delay from the Independent National Electoral Commission (INEC).

Jibrin said his committee is waiting for INEC to provide details of what it needs for the forthcoming 2023 general election.

The Senator, however, said that the electoral body has said it will need over N300 billion for the 2023 general election and some bye-elections in 2022.

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He said: “The presentation and consideration will be tomorrow. We have been waiting for them [INEC] and they have given the detailed information of what they need.

“We are proceeding to put together our report for onward submission to the plenary tomorrow [Tuesday]. We are presenting it tomorrow and it is going to be considered tomorrow as well by the grace of God.”