INFOGRAPHICS ON 2022 BUDGET

In October 2021, President Muhammadu Buhari, presented the 2022 Appropriation bill tagged a “Budget of Economic Growth and Sustainability.” It was estimated at ₦16.39trillion.

The president said that the bill was designed “to build on the achievements of previous budgets and to deliver on our goals and aspirations as will be reflected in our soon-to-be-launched National Development Plan of 2021 to 2025.”

“Defence and internal security will continue to be our top priority. We remain firmly committed to the security of life, property and investment nationwide.

“We will continue to ensure that our gallant men and women in the armed forces, police and paramilitary units are properly equipped, remunerated and well-motivated.

“The 2022 budget is also the first in our history, where MDAs were clearly advised on gender-responsive budgeting. These are part of critical steps in our efforts to distribute resources fairly and reach vulnerable groups of our society”, he said.

After two months of sending the bill, the National Assembly passed an aggregate expenditure of N17,126,873,917,692 trillion naira as the budget for the 2022 fiscal year.

The legislators increased the 2022 appropriations from N16,391,023,917,692 to N17,126,873,917,692. This is over 700 billion added.

Twentyten Daily had reported how the assembly increased the budget expenditure by a total of N1.915 trillion between 2016-2022.

Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

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