Connect with us

Naija News

Reps pass 2022 budget of N17.126trn

Published

on

For Online PR / Hype / Music Promotion Call 08074130688


The House of Representatives on Tuesday, December 21 passed a 2022 budget of N17.126 trillion against the N16.391 trillion sum presented by the president.

While the major capital, recurrent, debt service, statutory transfers remain untouched, the House made provision for an increase by N400 billion for agencies that came forward with financial reports which were not captured in the proposed budget, such as INEC, Ministries of Humanitarian Affairs, the National Assembly, and more.

In passing the bill, the House increased the benchmark price for crude from $57 to $62 per barrel, from which a proposed increase in revenue is expected.

The lawmakers also made provision for 10 percent of monies recovered by EFCC and the National Financial Intelligence Unit to be utilised by the agencies for their operations, to strengthen their fight against corruption.

The budget deficit was increased by N98 billion to accommodate some other requests of national importance which have not been captured in the budget estimates and which could not be covered by the revenue increase.

Yung Zeelee, C.E.O/Founder Of TRENDJAMZ MEDIA & 47trends, Computer Engineer | UI/UX Designer | Web Developer | Music PR/Blogger brings you the Nigerian News, Music and All Informative Messages On This Medium. Connect With Me Via: Twitter: @Iamyungzeelee_ Instagram: @Iamyungzeelee Facebook: Yung ZEELEE MD Zillz Call/Whatsapp: +2348074130688

3 Comments

3 Comments

  1. Pingback: cat888

  2. Pingback: เว็บสล็อตหมีแพนด้า ถูกใจสายปั่นสล็อต ทำเงินได้ไม่อั้น สมัครออโต้ LSM99

  3. Pingback: ตัวเลือกในการเดิมพัน บาคาร่าออนไลน์

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Trending Post