The National Assembly will deliver the 2022 Appropriation Bill to the President, Major General Muhammadu Buhari (retd.) on Thursday, according to Senate President Ahmad Lawan.
In his remarks at the end of plenary on Wednesday, Lawan hinted to it.
On Tuesday, the House of Representatives approved the federal budget, while the Senate approved the appropriation measure on Wednesday.
The Senate, like the House, increased the total estimates of the Federal Government’s budget from N16.391 trillion to N17.126 trillion on Tuesday.
The oil benchmark was lifted from $57 per barrel to $62 per barrel.
The Senate President noted that if the bill is passed in a timely manner, it will go into effect in January of the following year.
Lawan went on to say that the timely passage of the bill will benefit both enterprises and the economy in the country.
Lawan said, “For the 2022 Appropriation Bill, we are expecting that the bill will be cleaned up between today (Tuesday) and tomorrow (Wednesday), and we hope that by tomorrow, the bill will be sent to Mr President for his assent. We are very optimistic that Mr President will assent to the bill as he did for 2020 and 2021, so that by January 2022, the implementation of the budget 2022 will commence by the grace of God.
“We have seen the benefits of passing and assenting to the budget in good time, especially when we had to fight COVID-19.
“The consequence of the implementation of the budget in 2021 and 2020 was very clear. For us to come out of the recession that we found ourselves in the previous period, we must have had the fortune of passing the budget and getting Mr President to sign in time.
“So, we believe that the economy of Nigeria, and Nigerian businesses especially, will continue to benefit from the passage of the appropriation bills in time and the assent by Mr. President, accordingly. We wish to make it clear that our desire is to provide legislations for the peace, order and good government of our country.”
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