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Senate jerks up 2022 budget to N17.3 trillion

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The Nigerian Senate


The Senate has passed the 2022 N17.3 trillion budget, revising it upwards from the N17.126 trillion it passed in December 2021.

This followed the adoption of the report of the Senate Committee on Appropriation at Thursday’s plenary.

Presenting the report, Senator Barau Jibrin, the Chairman of the committee said that the budget was made up of N7 trillion recurrent expenditure and N5 trillion capital expenditure, while N817 billion was for statutory transfers.

Mr Jibrin said that N3 trillion of the budget was for debt service.

“Also, the Senate approved the total sum of 3.55 trillion for PMS subsidy in 2022, forwarded in two separate requests by the President to the National Assembly for approval,” he said. 

(NAN)