Buhari Presents 2022 Budget At National Assembly, Says Our debt level still within sustainable limits
The president, in his presentation, is proposing a total expenditure of N16.39 trillion for the coming year. Buhari had on Wednesday written both chambers of the National Assembly intimating the lawmakers that he will be presenting the 2022 budget estimate before them by 12 noon.
President Buhari said the 2022 budget will be the last full-year budget to be implemented before the end of his administration in 2023.
The proposed total expenditure for the coming year is put at N16.39 trillion with a crude oil benchmark price of $57 per barrel and a daily oil production estimate of 1.88 million barrels per day.
The exchange rate is projected at N410 per dollar. The president earlier sought to increase the total expenditure from N13 trillion to 16.45 trillion. But the National Assembly, on Wednesday, approved N16.39 trillion – in the revised