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Buhari Submits N2.5trn Supplementary Budget To NASS

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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President Buhari on Tuesday submitted the 2022 Appropriation amendment proposal to the National Assembly.

The amendment proposal is contained in a letter from the President which was read during the plenary.

Senate President Ahmad Lawan and Speaker of the House of Representatives Femi Gbajabiamila read the letter in their respective chambers.

In the letter, President Muhammadu Buhari said the amendment is necessary to accommodate some issues in the country including Petroleum Subsidy which must be considered.

In the letter, President Buhari is asking the National Assembly to approve the sum of N2.557 trillion supplementary budget for petrol subsidy from July to December 2022.

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