Nigerian President, Maj. Gen. Muhammadu Buhari rtd. is set to present the 2022 budget to a joint session of the National Assembly on Thursday.
This was announced on Tuesday by the Deputy Senate President, Ovie Omo-Agege, on the floor of the upper legislative chamber.
In his statement, Omo-Agege disclosed that President Buhari is seeking changes both in the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) – parameters for next year’s budget.
He stressed that the changes the president is seeking above are in line with the newly ratified Petroleum Industry Act (PIA).
Omo-Agege, after he finished reading Buhari’s letter, directed the senate committee on finance to implement the changes and report on Wednesday to the plenary. He said:
“The committee should have the report by tomorrow before budget presentation on Thursday.”
The Speaker of the House of Representatives, Femi Gbajabiamila, also made an announcement on the budget presentation in the green chamber.
The joint session will be held in the lower legislative chamber.
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According to reports, the initial total sum of the 2022 budget was N13.98 trillion, but the figure may change after work is done on the revised MTEF by the national assembly.