President Muhammadu Buhari has assented to the 2022 amended appropriation bill.
The signing was announced in a statement by the Senior Special Assistant to the President on National Assembly Matters (House of Representatives) Umar I. El-Yakub.
The bill which was recently passed by the National Assembly repeals the Appropriation Act, 2022 and enacts a new Appropriation Act, 2022; to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of ₦17,319,704,091,019 (seventeen trillion, three and nineteen billion, seven and four million, ninety-one thousand and nineteen Naira) only, of which ₦817,699,410,210 (eight hundred and seventeen billion, six hundred and ninety-nine million, four hundred and ten thousand, two hundred and ten Naira) only, is for Statutory Transfers.
The federal Government to spend ₦3,978,087,110,437 (Three trillion, nine hundred and seventy-eight billion, eighty-seven million, one hundred and ten thousand, four hundred and thirty-seven Naira) only, for Debt Service,
₦7,108,621,131,849 (seven trillion, one hundred and eight billion, six hundred and twenty-one million, one hundred and thirty-one thousand, eight hundred and forty-nine Naira) only, is for Recurrent (Non-Debt) Expenditure
While the sum of ₦5,415,296,438,523 (five trillion, four hundred and fifteen billion, two hundred and ninety-six million, four hundred and thirty-eight thousand, five hundred and twenty-three Naira) only, is for Contribution to the Development Fund for Capital Expenditure for the Year Ending on the 31st day of December, 2022.
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