Home National Senate passes budget of N17.12trn, adjourns till January 2022 (Budget details)

Senate passes budget of N17.12trn, adjourns till January 2022 (Budget details)

Barely one hour after passing the 2022 national budget, the Nigerian Senate, on Wednesday adjourned plenary till January 18, 2022, for Christmas break.

This was announced by the President of the Senate, Dr. Ahmad Lawan, after the Senate reconvened plenary to approve votes and proceedings of the sitting earlier held, to pass the budget for the 2022 fiscal year.

The Senate passed a budget of N17.12tr, as against the N16. 3tr proposed by President Muhammad Buhari in October, 2021, recording a huge difference of about N800bn.

Chairman of Senate Committee on Appropriation, Senator Barau Jibrin, while presenting the report at the plenary, said the revenue projection for the 2022 budget was predicated on the Medium Term Expenditure Framework/Fiscal Strategy Paper approved by the National Assembly.

Chinweuba Anyaragbuhttps://cdanewsonline.com
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