Business
Senate passes N17.13trn 2022 budget
The senate has passed N17.126 trillion as budget for the 2022 fiscal year, jerking the appropriation bill by N735.8 billion.
The upper legislative chamber passed the bill for third reading after Barau Jibrin, chairman of the appropriation committee, presented a report for the consideration of his colleagues.
The house of representatives also raised and passed the exact figure yesterday.
Jubrin said the committee raised oil price benchmark to $62 per barrel from the $57 proposed by the executive to reflect the current “economic realities.”
After presenting his report, the senate dissolved into the “committee of supply” to consider clauses of the 2022 appropriation bill.
Speaking after the passage of the budget on Wednesday, Senate President Ahmad Lawan commended the national assembly for restoring the budget cycle back to January to December.
“We thank Almighty God for helping us achieve that,” Lawan said.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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