Senate signs N17.12trn 2022 budget

The oil benchmark was raised from the proposed $57 per barrel to $62.
Senate signs N17.12trn 2022 budget
Nigeria's Senate President, Ahmad LawanFILE

The Nigerian Senate has signed the sum of N17.12trn for the budget 2022 Appropriation Bill on Wednesday.

The Red Chamber increased the total estimates of the Federal Government’s budget from the proposed N16,391tn to N17.126tn.

Recall that the House of Representatives had on Tuesday made a similar move by upping the budget's total estimate just as the senate has done today.

The oil benchmark was raised from the proposed $57 per barrel to $62.

Details later…

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